Our short term bridging loans are for purchase, refinance, property improvement or to unlock working capital for business purposes.
This unique overdraft provides you with a flexible drawdown facility giving you instant liquidity and avoids heavy setting-up costs.
Individually structured loans for residential and commercial projects, with finance available for site purchase, construction and fees, refinance, equity release and to provide working capital. Loans are available up to 90% of the site cost.
Flexible first and second charge non-regulated loans available on terms from 3 to 5 years.
We have a commitment to innovation and with the ever changing financial landscape around us we have designed a range of unique Specialist Lending products that solve a range of property finance needs.
Development 90 Loan
Our stretched senior loan, Development 90, is available to property developers with a proven track record. Service is number one on our agenda. Our team of development finance specialists will structure the Development 90 Bridging Loan similarly to our standard facility but provides for 90% of total property development cost.
Development 90 operates simply without the need for a mezzanine loan. It is one loan, one competitive blended interest rate, providing development finance to property developers. It avoids duplication of professional fees and is the ideal facility for property developers seeking bridge finance to undertake additional projects within limited capital resources, without added layers of supervision and expense.
View our ‘6 steps to funding success’ here.
As amounts can vary, please contact us to discuss your Development loan query with one of our experienced BDMs. We’ll quickly make a decision regarding your development finance requirements and ensure swift progression of your funding solution.
Register Contact Us
You will automatically be directed to download an application form when you register.
Loan Term 6 – 24 Months
Security First Charge
Debenture (Limited Companies and LLPs)
Personal Guarantee (Limited Companies and LLPs)
Interest from TBA (On case by case basis)
Amounts £500,000 – £3,500,000
Maximum Gearing 90% LTC 75% GDV
Development 90 provides bridging finance secured on:
Alternative Bridging Corporation’s Development 90 Loan is available for new build, conversion, refurbishment and equity release.
Find out all the answers to your frequently asked questions about Development Finance.
Development 90 is our stretched senior loan available with a LTV (loan to value) of 90% hence the name Development 90. Our development loan rates are up to 90% of total development cost or 75% of Gross Development Value (GDV).
Development 90, is short-term finance available for experienced property developers with a proven track record. The Development 90 loan is structured similarly to our standard facility but provides for 90% of total property development cost including land purchase, construction, interest and fees.
Loans are from £500,000 to £3.5m
A Development 90 loan is typically used for property development purposes by experienced property developers sometimes for:
Residential property development projects (within a 200 mile radius from London).
Alternative Bridging Corporation, like all property development finance lenders, are eager to lend. The more documentation and assurance you can provide, the greater the likelihood of a positive fast decision.
You can give us that assurance in a range of ways:
The more detail and information you can provide to support your predictions, the better. Draft projections, therefore, might include:
A track record of success is always more compelling when you come back with projections. Where you have previously developed or re-developed residential or commercial property, ensure your property portfolio/application reflects your success and experience.
All our published terms are indicative, and all our UK development finance is individually structured to your circumstances. If you can offer some form of additional security it may make approving your development loan much easier and quicker. It could also enable us to offer you a larger sum.
We employ only the most talented and driven people to focus on what’s important to get your development funding across the line. We work closely with brokers and borrowers to make the execution of your development loan swift and hassle-free.
If you attempted to raise funding through a traditional bank your options may be far more limited and the processing time much longer. That can restrict your development options and increase delay of property development projects – both factors that can damage the financial performance of any project.
We will always strive to say yes to your development 90 loan as we’re the ones doing the lending and making the decisions, so we don’t have the pressures and limitations other property lenders might have. We approach the whole concept of development finance from a different perspective to many of our competitors; we work harder to find a reason to say yes, providing you with fast development finance swiftly and simply. If we are for any reason unable to advance you a loan, we will let you know immediately.
Find funding for your property development now by downloading and emailing us your Development 90 Application form. Or to talk to one of our development finance experts about the funding of your current or pending development/investment projects, so together we can explore your lending needs. Please do not hesitate to get in touch.
