MSP Capital is offering a tempting deal. They’ve just launched a new £50 million funding tranche that comes with a super low bridge rate – the lowest they’ve offered since 2022!

MSP Capital’s new offering means developers can access development exit bridging loans from just 0.8 per cent a month. That’s a fantastic rate that could really save you money. And there are no exit fees, which is a real bonus.

Who’s This For?

This offer is perfect for developers who are looking to:

• Complete their projects and move onto the next big thing
• Get a more affordable and competitive bridging rate
• Gain flexibility with loan periods of four, six and nine months, with extensions available up to a full term of 15 months.

The Big Picture:

This new offer is a big deal for developers because it provides them with much-needed breathing space in a market where sales can still be a little slow. It also gives them the flexibility to wait for the right buyer and to release capital for future projects.

MSP Capital’s Director of Risk and Underwriting, Adam Tovey, says they’re committed to supporting developers with the right funding solutions.

“We believe this will be highly attractive for those seeking that all-important competitive advantage as they await the right buyer and move on,” said Adam.

The Fine Print:

Here are the key details you need to know:

• The offer applies to recently completed, new-build residential properties at practical completion.
• Individual properties must be under £1.5 million in value, with a maximum total loan of £5 million.
• Properties must be vacant and ready to sell.