Property Development Loans Thirsk
Property Development Loans Thirsk
Business Property Development Loans Across Thirsk
If you are in need of a property development loan and you are based in Thirsk then be sure to contact the team today at Equinox Finance. Our team specialise in providing a range of property development loans and offering sound financial knowledge, as we are combined with a wide range of available credit facilities and over 250 partners.
We have been providing our loan services to people living in and around the Thirsk area for a number of years, no matter what your reason is for needing a property development loan, the Equinox Finance team are Equinox to offer you a financial solution. If you’d like to find out more information about the services that we offer or how we can help you, be sure to contact the team at Equinox Finance today.
What is a Property Development Loan?
Property development finance is funding for either major new building projects or comprehensive renovations. Think new housing estates, luxury homes, office blocks converted to flats, etc. It works for residential, commercial and mixed use property.
Property Development Loans from Equinox Finance
If you are involved in the construction or property development and refurbishment sector then funds are available for potentially profitable projects which fit the lending criteria.
Property development and refurbishment loans are provided from £50,000 upwards. Our current Key Criteria Includes:
- All residential property types supported – houses, terrace, mews, flats.
- Applications should be supported by good evidence of demand in the local area.
- If properties are to be retained on completion a long term refinance option can be provided.
- Mixed use and commercial schemes can be supported subject to a demonstrable demand on completion.
- Developments should demonstrate sufficient margin to absorb any possible future reduction in the anticipated gross developed value (GDV) of the project.
- The borrower or proposed main contractor should have a good CV and be able to demonstrate experience in the sector.
Under normal circumstances we are able to provide loans equivalent to 70 per cent of the estimated GDV of the project, however, for experienced developers and if additional security is made available we can often provide funding up to 100 per cent of all site purchase, development and finance costs.
We can also introduce mezzanine loans secured on a second charge to provide any additional ‘top up’ funding.
For Property Development Loans in Thirsk, Contact Equinox Finance
If you find yourself searching for ’Property Development Loans Near Me’
then be sure to contact the team at Equinox Finance today! At Equinox Finance our aim is to ensure that things are as easy as possible for our Thirsk based clients, so if you need a property development loans then we can help.
Call our friendly team at Equinox Finance and find out more about our terms and conditions, as well as the property development loans that we can provide to you directly. We’ve been providing development loans across Thirsk and the surrounding areas for a number of years and have assisted different clients who are indifferent business financial situations. For more information on the property development loans that we provide in Thirsk, make sure you call Equinox Finance today.
Where to find us:
Office 1, Pen Y Dalar, Main Street, Thornton Le Moor, Northallerton,
North Yorkshire, YO7 3BX
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Equinox Commercial Finance Ltd (FRN: 841410) are Credit Brokers and Appointed Representatives of White Rose Finance Group Ltd (FRN: 630772) Authorised and Regulated by the Financial Conduct Authority. PLEASE MAKE BORROWING DECISIONS CAREFULLY, PROPERTY OR OTHER ASSETS OFFERED AS SECURITY MAY BE AT RISK IF YOU CANNOT KEEP UP WITH REPAYMENTS.