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Email: dominic.sears@suttongate.com

Senior Debt, Mezzanine, 98% Scheme, 100% Funding

October 6, 2020

Property Development Funding: Senior Debt, Mezzanine, 98% Scheme, 100% Funding...

Senior Debt: We are able to arrange senior debt up to 70% LTGDV

Mezzanine Finance: We are able to arrange up to 95% of project costs.

98% Scheme: We arrange senior debt up to 65% LTGDV and a private investor will sit behind the senior debt provider as a second charge providing up to 98% of project costs. The investor will charge 14% per annum on the investment and take 40% of the project profit. The interest is rolled up into the 40% profit share resulting in approximately 50% of the project profit. If the developer brings the scheme in with a higher GDV or lower costs thereby making extra profit this extra profit will go to the developer.

100% Funding: If the project is in a location where the property market is moving quickly and the project costs approximate to £2 million, it is possible to obtain 100% of project costs on a 50/50 profit share basis. This facility is available to first time developers such as a subcontractor wishing to become the main developer.

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