Property Development Finance
Quick Development Finance for your Project
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Development Finance
Property Bridges provides development finance loans to borrowers nationwide. Interest is charged on drawdown and loans are flexible with interest rolled up into a bullet payment on completion.
We have had a variety of successful development finance offerings on the Property Bridges platform which can be found on our invest page.
HEADLINE TERMS
- Loan Term 6 – 24 months
- Rates – 7% per annum depending on LTGDV, type of project and exit
- Arrangement fees from 1.5%
- Exit fees from 5%
Development Finance
Property Bridges provides development finance loans nationwide. Interest is charged on drawdown and loans are flexible with interest rolled up into a bullet payment on completion.
We’ve had a variety of successful development finance offerings on the Property Bridges platform which can be found on our invest page.
HEADLINE TERMS
- Loan Term 6 – 24 months
- Rates – 7% depending on LTGDV, type of project and exit
- Arrangement fees from 1.5%
- Exit fees from 5%
Lending Criteria
Clean Title With the Ability to take First Charge Security
70%
Max LTGDV
Defined Exit Strategy
90%
Max LTC
A counterparty that has experience in similar developments
Full planning in place
Lending Criteria
Clean Title with the Ability to take First Charge Security
70%
Max LTGDV
A counterparty that has experience in similar developments
90%
Max LTC
Full planning in place
Defined Exit Strategy
Get a Quote
Receive a quote within 48 hours!
“It’s incredibly difficult to get development finance at present through either the pillar banks or mezzanine lenders, the difference that I see with property bridges is that they are targeting the smaller end of the market, the logic behind the system of putting depositors in touch with developers and doing the due diligences as the middle man is excellent,.
Mel Reynolds
“[Funding] it has changed drastically, before we were with main banks and that doesn’t happen anymore, but with the likes of Property Bridges we find it very easy.”
John Kent
Case Study: Ballinamore, Co. Limerick Social Housing Offering
This loan assisted our client with the construction of 9 family homes in Ballinamore, Co. Leitrim, which are to be purchased by Leitrim County Council.
This first tranche was funding €500,000 of this facility of €1,000,000 at an interest rate of 8% per annum. The term of this offering was 14 months with a minimum interest period of 7 months and this loan will be used to fund the works already completed and the works due to be completed.
Loan Overview
- Tranche 1 Amount – €500,000
- Interest Rate: 8% per annum
- Term: 14 Months (7 months minimum)
- LTV: 64%
- Security: First Legal Charge over the Ballinamore site, and all works on the site
- Exit: Sale to Leitrim County Council
- Total Facility: €1,000,000
Ballinamore, Co. Limerick.
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Looking for other options?
Bridging Finance
Bridging loans for site acquisition, property purchase, refinance, refurbishment and development exit with a minimum term of 3 Months, Max LTV of 70% and interest from 7% per annum.
Commercial Finance
We provide commercial loans to businesses of all types. Loans can fund asset acquisition, business expansion or financial restructuring. Rates are flexible and decision making is first.