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 lender secured against a second charge. 

We will 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 gross development value. Typically, we will expect the project to be within  3-4 months of practical completion with the senior lender facility sufficient to complete the development. We will also look at any agreed/exchanged sales. Assured Property Finance will lend up to a maximum of 75% loan to gross development value. 

By taking a developer equity release loan, the developer is able to benefit from the value in the development already owned and near to complete and to possibly purchase another property or provide much needed liquidity in the short-term pending completion of property sales.