At Assured we can provide Joint Venture equity funding for residential and mixed use schemes, the developer equity requirement is typically 10% of site acquisition costs with the profits shared 50:50 on exit, post repayment of any Senior Lending. Depending on the project size and debt requirement we can also provide the Senior Debt.
PRE PLANNING FINANCE
WHAT'S PRE PLANNING FINANCE?
We understand that purchasing unconsented sites pre-planning offer the experienced developer greater returns, however, the time taken to secure the right consent varies depending on the scheme and planning authority therefore having the right financing partner is key to unlocking that hidden value. Assured can provide funding to assist with the acquisition of land and buildings pre-planning for sites in London, the South East and Homes counties.
WHAT'S BRIDGING FINANCE?
A Bridging loan is a short term facility, the typical term of this type of loan is for a period of 2 weeks to 1 year. A bridging loan is used to ‘bridge’ the gap between a debt or sale coming which are secured with a first legal charge over the property to be acquired within a defined timescale agreed at the outset.