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Development Funding

Secure development funding with Onsite

We help clients secure development funding for speculative residential building schemes: and that includes flats as well as houses.

We’ll work closely with you to compile a comprehensive pack of information. The better your proposal, the higher your chance of securing finance for your development.

Funding sources are limited in this market as there are only a few active lenders. However, because we’re independent, we can approach the whole of the market. So we’ll talk to our contacts in high street banks, building societies, and private banks, as well as specialist lenders.

We don’t charge upfront fees. And we continue to work on a no success, no fee basis even though the development funding market is more challenging than others.

 

Funding options that may be available

  • Senior debt up to 55% of the gross development/resale value of the completed units. This typically equates to 60-70% of total development costs – land, construction, professional fees, and interest etc.
  • Mezzanine/equity finance to provide up to 90% of total project costs.

 



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On-Site Finance Limited, registered at Trafalgar House, 223 Southampton Road, Portsmouth PO6 4PY. Company Register number is 13160088. ICO registration ZA885994 and you can check via www.ico.org.uk. On-Site Finance is not authorised by the Financial Conduct Authority and can only complete non-regulated introductions. We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency we work with the following commission models: fixed fee, percentage of the amount you borrow. Further details of the commission model, calculation and amount will be disclosed to you throughout your customer journey.

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