Development exit loans can help repaying the initial development finance on your project, providing you with extra time to finalise your plans.
Try the MFS bridging calculator to estimate the amount you can borrow, interest and other costs. Just enter the market value of your property, any outstanding mortgage, the amount you’d like to borrow and the months you’d need the money for. The calculator is easy to use and you get instant results.
Our developer exit loans are short term, specialised products designed to cover original development finance. You can use this funding to secure extra time to finish works, figure out long-term finance solutions, and find the right buyers for your development. This breathing space may prevent you from needing to sell off individual units at a reduced price, just to hit a looming deadline.
You can borrow between £100,000 and £30,000,000 for this type of loan.
This loan can be used for small or large residential development projects, ranging between 4 and 100 units. The funding can allow you to finish off any minor development works such as internal refurbishments. Development exit loans help bridge the gap between completion of a project and securing long-term finance, or the sale of the units.
You can use this funding to support the purchasing of multiple units primed for development. They could take the form of individual builds, a block of flats, or other types of buildings. Our development exit loans can be used for both residential and commercial properties located in England and Wales.
Property developers may start a project with the simplest end-goals in mind. You may just want to develop a building to its fullest potential, and sell individual units for a healthy profit. But, these kinds of projects take time. Often, things rarely go to plan. Refurbishment works can end up delayed, while external changes in the economy force adaptation.
We’ve seen evidence for this in recent months. Supply chain issues left builders with material shortages, while Government changes put the markets in turmoil. Adapting to these problems will be difficult enough. But our developement exit finance can ease the pressure as you find long-term solutions to these kinds of short-term issues.
On top of giving you additional time to organise your affairs, development exit loans provide flexibility and budget-friendly perks. There are many ways to set up an agreement and tailor repayment terms. You can repay the loan in stages as you sell off units, minimising the interest payable and cutting monthly bills.
Alternatively, if you’d like to cover the loan in larger instalments, we can work with that. All our products are bespoke to fit in with your requirements. No matter how complicated you fear your case to be, we’ll look to adapt with what’s needed.
Property developers can qualify through a range of setups. You can apply as an individual or via a company. We offer our loans to those aged between 21 and 85. We’re also accepting of applications from any country, other than those that are sanctioned or blacklisted.
You don’t even need to be based in the country you’re operating in. If you’re situated in the Americas or the Middle East, but plan to develop a block of flats in Wales, we’re open for business. We’re also often able to service investors with adverse credit histories, CCJs, missed mortgage payments, defaults, bankruptcies and the like.
We can have funding issued in as little as 3 days. On average, most of our deals are completed in around 2 weeks, depending on the paperwork. Where unexpected development delays and deadlines emerge, we’ll be able to adapt at pace.
As all of our cases are underwritten from day one, we’re transparent on our rates and fees from the get-go. All our products feature an arrangement fee, which starts from 1% of the gross loan amount. There are no admin fees involved and commitment fees are refunded on drawdown. An exit fee may be applicable for developer exit loans, with the specific price determined on individual applications.
Development loans provide funding for the construction of property or properties from the ground up. Development exit loans are used to cover the repayment of this initial development finance. Moving the developer to the next stage of their plans.
To support you in your case, we need a few documents from dependent on your special circumstances. Amongst others, we need the following paperwork to move your loan along quickly:
The more details we can get on your development project, the quicker we can move forward.
Our underwriters and BDMs are more than happy to help you with any enquiries. You can call us, email or chat with us on our website to get your application started. Call us on +44 (0) 20 7060 1234 or email info@mfsuk.com and you will be connected with one of our dedicated underwriters, who will discuss your requirements with you, and guide you through the process.
Get in touch via phone, chat or email about your query, however complex it might be. We will try our best to say yes to you, instead of finding a reason to say no.
Email: info@mfsuk.com
Phone: +44 (0)20 7060 1234
Email: brokers@mfsuk.com
Phone: +44 (0)20 7060 1234
Tom Gill, BDM at MFS, has been professional and a pleasure to deal with. Extremely pleasant, helpful, knowledgeable and working with my client best interest at the forefront of every decision to secure the most appropriate solution to fit my client's needs. Tom has a true passion for what he does and, despite the hurdles, we worked together with the support of with Shaun Bains (very nice and professional too!) to get the best outcome for my client. The result was a happy client that is delighted and asked me to do more work for them! Thank you very much indeed Tom and the MFS team. To more deals together! All the best, Eric Giordanengo
Eric Giordanengo
I would like to thank Sumit for his continuous hard-work and kind assistance on all my deals. Sumit is extremely professional and is willing to go the extra mile to complete a deal. The service provided is excellent. Sumit is attentive and regularly keeps brokers updated during the process and makes sure all deals are completed on time.
Michelle
Sonal was excellent, from start to finish and I look forward to working with MFS again in the near future
Ryan Gruzinski
I've had a recent completion, and my first ever with MFS. The way they stuck with the deal with an obstructive vendor was above and beyond the expectations of any lender (I could go on for hours about the vendor) With easily over 300 bridging completions under my belt in my career I know good service when I see it, my only regret is that I should have been using MFS more. Special mention to Jemma Vaja for her hard work.
Liam
From the first time I spoke to Sonal about the case , I was assured that MFS will be able to help . And yes they did. Sonal sent me terms very quickly and the whole process was seemless. We always got updates and Sonal was very professional and did a brilliant job until the case was finally completed . Our Client was very happy and this meant we were very happy too. We had a fantastic experience and we believe this will be the first of many . To Sonal a big thank you for your wonderful professional yet friendly assistance .
Mr Gabriel
Bridging Finance that took longer than anticipated to complete (in this instance solicitors ready to go but MSF Compliance had an issue) but all the same the u/w team were on hand to offer assistance. Client feedback is that solicitor fees do add up with MSF cases (especially BTL apps), so make sure you/your client take this into consideration.
Amie-Be Compliant Ltd
Really good experience from start to finish. Extremely diligent and very efficient way of working. Could not find any faults in the whole procedure. Definitely recommend it to others that are looking for this type of facility. Harj and Kiran we’re very professional at all times even working on a weekend if need to. Once again a big A BIG THANK YOU!!!
JOJAR DHINSA
Really excited to be working with MFS. Underwriter was busy throughout the application and it was difficult to get her on the phone, however our BDM Oli Watts was available throughout the process and that made it more efficient for us. If we were unable to get an update form UW Oli would get the info for us regularly.
Tobi
MFS, Thank you for giving all my clients an amazing service, Jemma, especially, she has been very professional and efficient since she joined MFS. She is a definitely a great asset to the company. Jemma, thank you and well done for all your assistance!
Maria
As a mortgage broker, I have dealt with MFS several times and all successfully progress to completion on time. I have to mention that the BDM Zahira and the Underwriter Jeanne have been working really hard to make sure my urgent deals completed within the deadline and updated me several times a day so I am always aware whats going on. Top services.
Sabrina
I have dealt with MFS for a long time as a Commercial Financial Broker. A great company to deal for all your short term funding needs. The speed, professionalism, communication and friendliness of staff are just great. I have dealt recently with Jemma who is always ready to help and sort out hurdles. Kieron and Richard are a few who i have dealt who brilliant. Also Paresh who is the CEO of MFS is a great person to deal. MFS always exceed expectations.
Victor
Five Star Service Another bride company let me down with an unreasonable underwriter view, which cost my client two weeks, a valuation, and solicitor fees. My client needs to close the deal within three weeks. MFS has given me hope and taken the human thinking approach to overcome all the obstacles. Craig, Wayne, and Will provided excellent support (all calls were answered the same day). A big thanks go out to them. The whole team deserves five stars. Easy Financial Services LTD
AJIT SINGH
Working with MFS is an absolute pleasure. They are always in communication and so everything they can to deliver a seamless transaction within a short time and minimum fuss. All in all a very professional outfit. Working with Jemima Hyes and her team has been great.
Ripon Mahmood
I've had the pleasure of dealing with MFS in particular Imogen and Kieron. On each occassion from the initial phone call to discuss the nature of the case and sending across the enquiry form they have been proactive and quick to get the indicative terms issued. They are knowledgable and very helpful.
Amit Patel, Trinity Finance
Exceptional service from a professional, diligent and creative team. In particular - a special thanks to Sonal who effortlessly simplified the complexity of the matter, maintained clear lines of communication and ensured overall transactional efficiency.
DG
I have dealt with MFS for 3 years. They have always been professional and found competitive structured finance solutions for my clients. They also offer a wide range of products. They have always got offers out quickly which is paramount to me. I have dealt with several of the team at MFS and they have all given me an excellent service.
customer
We have completed a complex case. Underwriters were promptly acting in each time.
Dinesh
We've had nothing but great service from Zahira and Kieron whilst working with MFS. It's a pleasure to work with a common sense lender who are efficient, dedicated, commercially minded and easy to communicate with. Thank you, and keep up the good work!
Chris Oatway
Very tricky case, handled expertly by Jemma and the team, even though interest rates increased in the middle of the application, MFS ensured that any increase was as minimal as possible. Top effort and will be using MFS again
Craig
I have known Kieron and MFS for circa 4 years. Nothing is ever too much of a problem for Kieron and he is very quick to respond to my enquiries. A few months ago we completed two very tricky transactions in excess of a million pounds of Bridging and Kieron sorted out every question and query that we came across. Kieron’s ability to quickly refer up the line was also extremely helpful and he has access to the decision makers who without doubt have a 'can-do' attitude! I run a team of 5 Commercial brokers and I have recommended MFS to them on a number of occasions, so expect a plentiful supply of new business! Thank you to all at MFS, you are a great bunch!
Andy Elley
