Overview
Business Assistance is a specialist in arranging property acquisition and development finance for both individuals and Limited companies, for both residential and commercial development.
We work with the specialist property lending teams of clearing banks, niche property lenders, merchant banks, property investments companies and private individuals to offer a full service of debt, mezzanine and equity / Joint venture funding to our clients. We can also offer planning gain and short term funding.A broad summary is provided below, however, this will vary on a lender by lender and proposal by proposal basis.
| Lenders | Land with Detailed Planning Consent %LTV | Building and all associated costs %LTV | Interest rate % above Base Rate | Notes |
| Merchant Banks | 65-100 | 100 | 1.5- 3.5 | If 100% funding provided, will require a small % of profit share |
| High Street Banks | c.70 | c.70 | 1 – 2 | Very strict lending criteria, will provide 100% of development costs, if land unencumbered |
| Specialist Lenders | 95 | 95 | 1.5 – 4 | Primarily applies to blocks of flats in urban areas; will require a % profit share |
| Joint Venture Lenders | 100 | 100 | 2-3 | Will require % profit share |
The team handles proposals from individual property refurbishment projects, to substantial development finance. This work includes advising developers, investors, and architects on the provision of development finance and investment property finance, as well as financing and refinancing aspects of property developments and portfolio acquisitions.
In today’s property market, speed is vital. New-build opportunities or development deals need to be seized as quickly as possible. Business Assistance works closely with our clients to secure property development finance to prevent hold up of negotiations or the signing of a contract – which could lose a vital deal.
We’re committed to providing funding as quickly and simply as is possible – we understand the time pressures that developers work under. A friendly and knowledgeable professional will assess your property development finance proposal without bureaucracy or lengthy credit committees.
Knowing which of these many lenders to structure a proposal for successful funding can only be achieved once Business Assistance has a full understanding of the development in question, the level of debt required and most importantly knowing the client’s background and experience.
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Business Assistance is accredited by the National Association of Commercial Finance Brokers.