Property Development Finance

Lending Terms & Criteria Property Development Finance - May 2012

100% of Total Costs
Profit Share

90% of Total Costs
Structured Finance

Exclusive product for experienced property developers: no equity or interest payment required.

100% of total development costs
Prime London / Surrey only
Gross Development Value £1m - £3m
Houses, bungalows and London apartments
Gross Profit - min 25% ROC
Profit share required
New build schemes only
Arrangement Fee - 1%

Combination of senior debt + mezzanine finance: higher gearing and competitive terms - only for highly profitable projects.

London, Home Counties and South UK
Gross Development Value £1m - £30m
Houses, bungalows and apartments
Gross Profit - min 25% ROC
Blended Interest Rate 10 - 12% pa
Lender's Arrangement Fee - 1% on debt finance, 2% on mezzanine finance
Exit fee - 2% of GDV

GDV Based Lending
From Specialist Lenders

60% of Costs
Bank Senior Debt

Loans up to 55% of GDV - high LTC for profitable projects - terms similar to senior debt bank finance.

70% - 80% of costs - depends on Gross Profit Margin (ROC)
All UK prime locations
Gross Development Value £1m - £5m
Houses, bungalows and select apartment schemes
Gross Profit Margin - min 20% ROC
Interest rate - 7% pa%
Lender's Arrangement Fee - 1%
Exit Fee - 1% of GDV

Standard debt finance from High Street Bank, reserved for their preferred clients. If your bank won't lend, we'll find one that will!

60% of total development costs
All UK - good residential locations
Gross Development Value £1m - £50m
Houses, bungalows and select apartment schemes
Gross Profit Margin - min 20% ROC
Exit Fee - 1% of loan
Interest rate - from Base Rate +2%pa
Lender's Arrangement Fee - 1%

NEW Development Finance Product - May 2012

up to 100% of Development Costs
Loan size £0.5m - £3m
New build houses only
Within 100 mile radius of London
NO PROFIT SHARE!

SALUTE THE MESSENGER
(Customer Testimonials)

"When we were looking for property development finance, Dave Messenger stood out head and shoulders above the rest. Always available for advice and quick turnaround, which is vital in the property market.”

JC, Bristol - February 2011

“I have dealt with many people who profess to obtain development finance and indeed used many. Dave Messenger is without doubt the best. He actually cares about you, the deal and not just the commission. I highly recommend”

NR, Dorset

"Dave Messenger understands property development finance inside out. I give him my 'fag packet' calculations and he will get a complete financial appraisal and offer of finance on my desk - usually within 24 hours, That's what I call outstanding service!"

ND, Dorset

"When our usual lender withdrew their offer, they recommended Dave Messenger. He arranged property development finance of £4.6m at 85% of costs - on amazing terms"

B Property Group, Herts

"Dave Messenger has been my trusted financial adviser for over 15 years, through good times and bad. He has financed several property developments for me, on terms that my own bank couldn't match. I wouldn't use anyone else for property & development finance."

BH, Weymouth

"We had an offer of 100% property development finance with a JV lender. Dave Messenger introduced us to an alternative property lender who did not take a profit share, saving us over £80,000. Great deal - thanks."

CB, Dorset

"We had just built a block of flats and needed to raise some cash to purchase our next site. When our bank wouldn't help, Dave Messenger arranged a fast property refinance to 70%. Dave has proved his worth and has since found us many new property & development lenders."

JP, Bournemouth

"We put a property development finance deal to our usual lender, who turned it down. When a property developer friend recommended his broker to us, we were a bit sceptical, but were reassured by Dave's expertise and enthusiasm. The next day Dave phoned us back to say he'd put the same deal to our lender - and they had now decided to do it! Dave is now our first choice for property & development finance."

E Homes, SW7

"We wanted to refinance our portfolio of 34 properties. When our bank refused to increase our facility, our solicitor recommended Dave Messenger. He arranged the property finance we needed and made it so simple. We'll definitely use him again."

JP, WC1

"We wanted to raise cash quickly and shopped around for best terms. We instructed David Messenger, who arranged bridging finance of £850,000 in a few days."

JS, Birmingham

"We know colleagues who have paid up-front fees to other brokers, only to be let down and out of pocket. Dave has arranged all our property & development finance for the last 5 years - he has never asked us for up-front fees and has never let us down."

EH, Bournemouth

"We've tried several lenders and brokers in the past, but they often promised us finance which never materialised, Our accountant recommended Dave Messenger, who has arranged some great property development finance deals for us. No more empty promises - cheers!"

TP, Basingstoke

"Before I was recommended to Dave Messenger, I used other property lenders and brokers, and was fed up with poor service and hidden fees. I am delighted to say Dave's service is superb I get fast, accurate quotes and no more hidden fees!"

JO, Weymouth

"We needed to buy an industrial unit to expand, but with no trading accounts our bank wouldn't help. Dave quickly arranged 80% commercial owner-occupier property finance no problem."

JB, Poole

"My bank insisted on me having a repayment mortgage over 10 years, but the repayments were not affordable. David explained the option of interest-only for commercial owner-occupier property finance, which I agreed with. He arranged it all and reduced my payments greatly."

UM, Branksome

© 2010 Property & Development Finance Ltd

IMPORTANT NOTICE: WE ARRANGE PROPERTY FINANCE FOR BUSINESS AND INVESTMENT PURPOSES ONLY.

YOUR HOME IS NOT AT RISK: FINANCE IS NOT SECURED AGAINST YOUR MAIN RESIDENCE AND IS NOT REGULATED BY THE FINANCIAL SERVICES AUTHORITY OR THE CONSUMER CREDIT ACT

WE ARRANGE FINANCE FOR SOLE TRADERS, PARTNERSHIPS, LLPS, UK LIMITED COMPANIES, OFFSHORE COMPANIES, TRUSTS, CHARITIES AND INDIVIDUALS WHO COMPLETE A DECLARATION OF BUSINESS USE OR A STATEMENT OF HIGH NET WORTH