A network of advice services helping you with funding requirements and business protection on your development projects
Finance for residential developments can be used for new-build site construction, for conversions of existing residential properties into flats, barn conversions and conversions of offices and warehouses, etc.
The developer may ultimately sell on or let out the properties.
Finance for commercial developments could be used for construction of any of a wide range of facilities ranging from hospitals, to airports, factories, warehouses, etc.
Normally, these completed facilities would be sold on but some could be retained for owner occupation and trading.
In crowded city centres, land is usually at a premium. Local Authorities often insist that new developments or conversions include parking facilities and. potentially, space for local shops.
Additionally, there is a growing trend for sports arenas to also include trading spaces.
Provided that the developer is able to contribute at least 35-40% of the total cost of acquiring and developing the site, there is usually only a requirement for one lender or a number acting collectively.
This principal lender holds Senior Debt security on the property.
If there is going to be a funding shortfall because the Senior Debt provider is unwilling or unable to meet the entire funding need, it may be necessary to call on the services of a Mezanine funder to 'top-up' the loan.
Mezanine funds are more expensive than Senior Debt.
Sometimes, depending on the circumstances and the period over which a loan is required, it may be possible to arrange Bridging Finance so that necessary funds are in place as soon as possible.
Following this, a full Development Loan can be arranged and the Bridge paid off.
1
LEA FS has a number of years experience helping small businesses and has assembled a network of professionals to assist. Assistance is available over a wide range of areas and you are invited to visit our main site to explore those services.
2 LEA FS is authorised and regulated by the Financial Services Authority and can offer advice and arrangement of mortgages, secured and unsecured loans. For assistance and advice on personal funding, visit our main site
3
LEA FS has developed relationships with a number of lenders who offer commercial mortgages, development and asset finance and unsecured loans for businesses.
Visit our main site for more details.
4
LEA FS is authorised and regulated by the Financial Services Authority and can advise on and arrange non-investment insurance contracts for personal protection and for businesses.
Follow the links for more details.