DEVELOPER EQUITY RELEASE
Here at Assured we understand that developers need to maintain cash flow, we can look to release equity from partially completed developments behind the senior funder secure against a second charge.
We calculate the release of equity against the Gross Development Value (GDV) instead of the existing value.
Banks will typically only offer 60-65% Loan to GDV. Once a project is within 3-4 months of Practical completion and the senior funder facility is sufficient to complete the development together with a level of sales agreed evidence (with the condition of them being finished) Assured Property Finance Ltd will lend up to maximum 75% Loan to GDV.
By taking a developer equity release facility you are able to benefit from the development you already own to possibly purchase another property or provide much need liquidity in the short term pending property sales. Completion.