Calmez provides development funding for residential developments from one unit up to small developments with gross sales values from £500,000 to £20m.

Development mezzanine funding is the difference between the total cost of a development project (including the cost of the land) less the amount the senior debt provider is prepared to lend (1st charge) – after first deducting the developer’s equity contribution of a minimum 10% of total funding requirements.

Developers are required to provide a minimum of 10% of the total cost of the development which includes land, build costs and professional and finance costs (including rolled-up interest).

Yes we will seek personal guarantees but the level of guarantee will vary depending upon the equity being put into the project.

We will usually be able to give you indicitive terms within 48 hours of receiving a completed application form and would expect to have the funding approved within four weeks.

We are more than happy for you to use your own contractors provided you have not had previous problems with them and we can see some previously completed projects and the developer is either NHBC registered or the construction has BLP insurance cover.

We are looking to build long-term relationships. Therefore, we would certainly consider the second site, providing the current one is going according to plan and we are satisfied that you are not over-stretching yourself.

Calmez have the support of major specialised property bankers including Close Brothers and United Trust Bank.

No, we are used to working with a wide range of different senior debt funders and would agree a deed of priority where we are taking a second charge.

We are expereinced property professionals and so understand that sometimes unpredictable issues can arise that cause overruns with a development project.  In such circumstances it is crucial for developers to keep us properly informed at as early a stage as possible in order that we may agree a way forward.  To protect the senior provider and the mezzanine provider, personal guarantees will be required to cover any overruns above the developers warrented costs.

Start your application for property development funding by completing our form here.

Or for more information about our services or frequently asked questions on property development funding contact us on 0207 096 1900 or email us on