If you’re a property developer looking for a lifeline to get your project over the finish line, Hope Capital, the bridging lender, is making it easier than ever to get the cash you need.

The loan, launched in 2021, is designed to help developers who have completed their projects but are still facing pressure from their existing lenders. It lets you access up to 80% of the value of your completed property, giving you the breathing room you need to find the right buyers.

Previously, the maximum loan-to-value (LTV) was capped at 75%, so this is a significant boost for developers who need a little extra support.

Key Features to Keep in Mind

Here’s the summary of what you need to know about Hope Capital’s development exit loan:

• High Loan-to-Value: Get up to 80% of your property value, with a possibility of extra security required.
• Low Rates: Rates start from just 85 basis points.
• Flexible Terms: You can choose a term from one to 18 months, with no minimum term.
• No Exit Fees: There are no extra fees to worry about when you finally sell your property.
• Dedicated Support: You’ll have a dedicated underwriter on hand to help you navigate the process.
• Dual Representation: The loan is specifically designed for residential properties.

What Does This Mean for Developers?

Kim Parker, Head of Sales at Hope Capital, explains: “We understand that selling a completed project can take time, and existing loans can put pressure on developers. Our exit finance option provides the vital cash flow you need to buy yourself time to find the right buyer without worrying about your current finance obligations.”