Bridging Loans for Developments

BRIDGING LOANS FOR DEVELOPMENTS

CALMEZ's short term (3 -9 months) bridging loans for developments is funding that has been specifically designed to cater for the needs of property developers who require shortterm property development funding, in addition to the usual funding requirements.

Some examples of when short term bridging loans for developmetns is required are:

	In the event of sale(s) from a previous development being delayed or lost
	A new site has come onto the market prior to the completion of an existing development
	A property has been purchased at auction, or is to be bid for at auction where immediate short-term bridging funding is essential

CALMEZ in its pursuit of a total property development funding package not only offers up to 90% of the funding by arranging the senior debt and providing the mezzanine funding but is now also able to assist in that essential short term bridging loans for developments on the following terms:

	Bridging loans from £100,000 to £1,000,000
	Period of Loan - 3 months to 9 months
	Loans available on 1st charge ( typically 70% LTV) and 2nd charge (typically 50% LTV)
	Interest from 1% pcm - 2.5% pcm
	Typically these are non-status loans but a sound credit rating and history in property development is required
	Convertible into mezzanine loans on favourable terms
	Bridging finance for property development funding essentially needs to complete within 10 working days - SPEED IS OF THE ESSENCE

To achieve this we work with a team of expert professional advisor in the field of property development funding including:

	Field Seymour Parkes - Solicitors
	Haslams - Surveyors

CALMEZ offers the complete package for "one-stop-shopping" for developers seeking a composite property development funding package.

	For more information on bridging loans for developments, contact us on 020 8959 3626 or by email here.
	For more information on our Bridge Funding click here.