Let’s assist you in securing the property development finance you need to start your next development. We are confident that we could find the best development finance loan for your next project. Enquire with Silver Oak Capital today, and let’s set up a time to get a full understanding of your challenges and goals.
Development finance is used to assist property developers and property investors who require funding to build real estate schemes (either ground-up or conversions) of any nature. These loans are secured against the available land and are drawn in line with the business plan and construction schedule of the proposed project. The interest for this loan is not serviced but is instead rolled up on top of the principal amount. The loan is repaid upon practical completion of the project – either through sales proceeds or via refinance.
Our team has years of experience arranging all types of development finance loans. We have a surgical approach – whereby we conduct a thorough analysis of the intended project. Based on this and other specific client requirements we then narrow down our choice of lenders to as many as 3 or 4 potential partners and consult with our clients throughout this process. As our client you gain access to our vast network of senior debt, mezzanine debt and equity lenders who can fund projects (commercial or residential) up and down the capital stack. We pride ourselves in not only providing an unrivaled source of finance but also open up relationships for our clients that will benefit them in the long run.
An initial consultation meeting with the client is required in order to obtain all the necessary information on his/her project. We also like to ask our clients what their ideal loan should look like – so that expectations are aligned. A short list of potential lenders can be discussed at this stage. Silver Oak Capital has developed a reputation as a discreet development finance broker and we ensure all our client information is handled with the highest degree of confidentiality and respect. Following a thorough market review, formal heads of terms are obtained and presented to the client for review and consultation. By utilising our service and knowledge of the European debt market, it allows developers the freedom and peace of mind to focus on their project.
The market for development finance broker is incredibly fragmented, especially in the UK. There are so many lenders who operate in this space in various forms (senior / mezz / equity) which makes for a challenging environment to operate in for any developer. Each lender has a unique set of criteria and focus in terms of scheme type, sector and location. The size of the loan is often the first factor to consider as any lender will have a target minimum and maximum loan range. Some lenders specialize in residential, student accommodation, office, build-to-rent or industrial to name a few. Ensuring any potential borrower has a strong track record is of paramount importance to any lender but, fortunately, there are a number of funders we work with who also cater to amatuer developers. We have found time and time again that relationships mean everything in this business.
The team at Silver Oak Capital calls London home but we property development finance projects of all types up and down the UK. This particular enquiry involved the need for a development loan to convert a vacant office block in the centre …