In the current market it is vital to have a strong pre-let or pre-sale agreed in order to secure commercial development finance. Minority commercial elements within mixed-use schemes will be considered on a speculative basis.
The Voltaire team have experience in arranging finance against all asset classes. Fit for purpose location is essential; good quality assets and medium to long term income from strong tenants are preferred for high gearing transactions. A number of interesting and innovative options present themselves in the mezzanine finance space. In addition it is possible for our team to add significant value to commercial investment transactions via the use of specialised hedging instruments.
Residential development schemes are by their nature largely speculative and this is understood by the lending market. Location is of above average importance when assessing residential development schemes. Houses are mostly preferable to flats. Borrower's track record and existing exposure are both scrutinised closely.
Packages can be provided at various gearing levels for buy-to-let and other residential investment portfolios. Often facilities can be offered to developers who wish to keep their own finished product – in some cases by the same lender that provided the development facility.
Full member of the National Association of Commercial Finance Brokers (NACFB) and a member of the Assocation of Bridging Professionals.