9:09 AM, 29th January 2021, About 9 months ago
During the current Covid-19 pandemic, we have received an increased number of enquiries regarding refinancing existing development finance. These have mainly been brought about by overruns either in terms of cost or time and their current lender not being helpful.
The type of situations that the developers are finding themselves in are:
By swapping on to an exit loan, the developer benefits from:
Switching to a Developer Exit Loan will often be cheaper, buy the developer extra time and release additional cash to complete the current development or provide the initial finance for the next project.
If you need help with this or any type of property finance please contact me and the team using the form below.
Advice and implementation provided by a practising Barrister-At-Law with £10,000,000 of Professional Indemnity InsuranceBook Now
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