Development Exit Finance, sometimes known as a Sales Period Loan, is used to refinance your existing development loan so you can pay off the debt at a lower rate.
An exit loan enables you to combine more expensive funding into smaller bridging loans, giving you a much-needed reprieve while selling your home. It can elevate the pressure to not accept a low offer when the objective is to raise funds for your next project.
What is Development Exit Finance
Development Exit Finance is a type of loan that is used to finance the development of a property. This type of loan can be used to refinance an existing development loan, which can help to reduce the overall cost of the debt. It can also help to alleviate pressure to accept a low offer when selling a property in order to raise money for the next development project.
If you are thinking about using Development Exit Finance to finance your next property development, be sure to speak with a financial advisor to learn more about this type of loan and to ensure that it is the right fit for your needs.
Who is eligible for Development Exit Finance
Anyone who is looking to finance a property development can be eligible for Development Exit Finance. This type of loan can be helpful for those who are looking to reduce the overall cost of their debt, as well as giving them more time to sell their property.
How much can you borrow with Development Exit Finance?
The amount that you can borrow with Development Exit Finance will depend on the value of your property development. Lenders will typically offer loans of up to 80% of the project value
To get started with your development exit finance application, speak to a member of our team today.