Development Exit Finance is a type of a bridging loan which has been introduced in the past 5-10 years to enable developers to move from (relatively) expensive development finance on to a short-medium term finance facility to enable them to sell the units which have been built.
Commercial Mortgages Broker panel of development exit finance lenders provide high quality and prompt decisions. Indicative development exit finance terms will normally be provided within 24 hours. An agreement in principle for development exit finance can normally be expected within 48 hours, once the initial application form has been processed.
Development exit finance can be used for the following types of developments:
- Office to residential development exit finance
- New build development exit finance
- Student accommodation development exit finance
- PRS development exit finance
- Large HMO development exit finance
We work closely with our funding partners to provide a prompt and efficient turnaround. We add value by pushing transactions across the line, we work closely with solicitors, valuers, lenders and other intermediaries to ensure that the transactions that we are engaged with complete promptly.