Property Development Loan
NFS can work with builders and property developers (including private individuals) to obtain the necessary funding for:
- Residential developments
- Residential conversions
- Residential refurbishments
- Mixed residential commercial schemes
- Commercial schemes
Funds are sourced from specialist lenders who are often able to advance significantly higher percentages than the clearing banks. In the normal course of events funding can be made available for 50% of the land purchase cost plus 100% of the construction costs for new build, and for refurbishments/conversions up to 65% of the acquisition costs. The decision process is also rapid and normally includes same day decision in principle. In all cases a first charge will be taken over the site and property.
Once development is complete NFS can arrange longer term finance, if required.
What can NFS offer?
Any or all of the following options are available:
- Complete business financing and refinancing incorporating an overdraft facility plus commercial term loan and any or all of the options below.
- Commercial mortgages and remortgages. Turn your fixed capital into working capital or reduce your current interest rate.
- Property development loan. Finance as you build.
- Bridging Finance.
- Buy to let mortgages.
- Plant & Equipment (both new and used) finance.
- Vehicle (both new and used) finance.
- Working capital finance. Why wait for your customers to pay you or miss out on a large order because you cannot buy the stock?
- Vendor finance. If your customers require finance in order to buy from you we can assist.
- Refinancing existing plant and machinery.
- Payroll Finance.
- Loan Guarantee Scheme – unsecured lending backed by the DTI.
- Franchise purchase finance.
- Franchise expansion finance.
