Development Exit Finance Canary Wharf

Development Exit Finance Canary Wharf

development exit finance canary wharf

Madison Carter have been outstanding from start to finish. As a company they are extremely professional and worked tirelessly for us to get a successful outcome. I found Steven Coogan very knowledgeable and he was able to communicate everything to us in layman’s terms throughout the process. I would have no hesitation in using Madison Carter again and have already recommended them to friends.

M Simon

Customer Type:

Blue Chip Client

Category:

Development Exit Finance To Extend Sales & Marketing Period

Status:

Completed

Tags:

Development Exit Finance, Developerment Finance

Gross Development Value (GDV)

46m

Loan To Value (LTV)

70%

Term

12 Months (1 Year)

About the project

Development Exit Finance Canary Wharf

A developer exit finance product to re-finance away from a development facility that had come to the end of its term.

development exit finance canary wharf

What we did

We refinanced the client away from a principle lender and allowed them to exit the loan onto an exit product. This gave them 12 months to extend their sale period and allowed the exchange’s to complete on the new product.  We used a private bank to facilitate the exit as the UBO was a strong covenant.

Steven Coogan

Results

This gave the property developer a 12 month extended marketing period with favourable terms without affecting their borrowing profile.

Steven Coogan

Are you looking for a similar type of property finance?

As a specialist bridging loan adviser at Madison Carter Finance, I can take a 360 view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you.

Development Finance

Large Bridging Loans

Short Term Sources Of Finance

Bridging Loans