Over the years the directors have amassed a huge amount of experience in the field of property development funding. Deal sizes funded range from £250,000 to many millions, covering single property projects to mixed use residential and commercial schemes.
Various structures can be implemented into the deal dependent upon client experience, deal size, industry sector and nature of the proposal.
Lenders are now prepared to consider a funding proposal geared against Gross Development Value (GDV) rather than the traditional funding percentage against costs. This provides for 100% of build costs, interest costs and fees and if the land is purchased shrewdly, quite often a significant contribution toward land costs.
Through actual experiences, we have sourced lenders prepared to fund up to 100% of the total costs of a scheme. The introduction of mezzanine finance provides the 'top slice' funding, negating the need for any owner equity to be injected. Whilst this may be more expensive than the High Street bank debt, assuming build costs can be controlled and time scales adhered to, comfort for the developer can be gained from the fact that all financial requirements are covered off.
RPF can arrange finance for residential property landlords, either for those with large portfolios, or those just starting out on the property acquisition ladder.
Typically terms are available up to 85% loan to value, interest only or capital and interest repayment on loan terms of up to 30 years.
Commercial Property Finance – Owner Occupied and Investment Funding
Commercial owner occupied mortgages are designed for individuals and companies purchasing a property to be utilised as their own business premises.
We can negotiate commercial mortgages with a large range of lenders including major banks, commercial building societies, regional and local building societies and specialist commercial asset lenders.
There is no need to switch day to day transactional banking, as this form of funding can be conducted on a fully stand-alone basis.
Funding terms, and interest rate protection can be obtained according to a clients wishes. This can include;
As a yardstick we can arrange commercial funding from 70% to 85% loan to property value depending on trading performance and industry sector. In some circumstances 100% loan to purchase price can be arranged.
Commercial investment mortgages are designed for individuals and companies purchasing a business property as an asset, profiting from rents and property value appreciation. This includes retail units, offices, leisure or industrial units.
We enjoy a working relationship with many different funders ranging from high street banks, and building societies, to bespoke commercial mortgage lenders. Typically, we can arrange commercial funding from 70% to 85% loan to property value dependant on the quality of asset, the tenant, and the lease covenant.
We enjoy a good working relationship with a dedicated asset finance provider whose directors have a long experience in their field having both worked for the Asset Finance section of clearing banks. With their support, we have funded assets as diverse as helicopters, to building site cherry pickers, to Italian sports cars!
The full spectrum of residential mortgages can be provided with support from our FSA regulated contacts. Repayment terms can be arranged to meet borrower requirements including;
We enjoy strong relationships with all the High Street Banks who are able to provide usual forms of transactional banking services.
If a requirement can be demonstrated for a need for overdraft facilities we can build this into our negotiations. We can also negotiate for the client on the provision of electronic banking requirements, internet based banking requirements, international banking etc.
Invoice discounting remains an area of rapid expansion in the commercial finance market and many businesses prefer to use a pre-agreed scheme of borrowing against invoices issued to the more traditional overdraft route.
Factoring offers a full service of debt management and financing - lenders will not only advance against an invoice raised but also provide a debtor book management and collection service in-house. This is of benefit particularly to the smaller business.
Confidential Invoice Discounting (CID) is usually cheaper than factoring because debt ledger control stays with the borrower so their clients are not necessarily aware that there is a lender involved. This is proving to be more and more popular in the marketplace.
These schemes are particularly useful in funding growth and expansion because the amount of the facility will grow with the size of the debtor book. Full debtor insurance, for complete peace of mind, can also be negotiated.
Please use the links below to jump to a particular section of interest:
