Bridging Finance: Close Brothers Property Finance offer Residential Bridging Finance: suitable for: residential investment purchases, property refurbishment, development of new builds, buying at auction. Loans from £50,000 to £4m. Typical terms 3 to 12 months.
Commercial Investment: Close Brothers Property Finance offer facilities for the following commercial investment properties: retail properties, office buildings, industrial units and warehouses and mixed-use portfolios. Loans from £1m to £20m. Maximum loan-to-value = 70% of market value. Typical terms of up to 5 years.
Development Finance Residential: Close Brothers Property Finance offer facilities for the following residential properties: Family housing, flatted schemes, mixed-use developments, student accommodation, retirement schemes, housing associations. Loans from £750,000 to over £20m. Maximum loan-to-value 60% of GDV. Typical terms 12 to 18 months. Maximum loan-to-cost Typically 85%. Close will also consider loans where third party mezzanine finance facilities are in place. Close Brothers only work with experienced property developers.
Development Finance Commercial: Close Brothers Property Finance offer facilities for the following Commercial properties: Office buildings, retail units, industrial properties, mixed-use developments. Close will only lend against either pre-let or pre-sold commercial properties. Loans from £750,000 to over £20m. Maximum loan-to-value 65% of GDV. Typical terms 12 to 18 months.