CrowdProperty has launched a new product to support developers who wish to secure a development prior to receiving planning permission.
The finance can be used for a range of projects, with a focus on conversions of existing assets to residential use.
The product is even available to developers with limited experience provided they work with an experienced team.
- Loans between £100,000 & £5m
- Terms: 6-24 months
- No exit fees
- Max LTV: 60%
Once planning consent has been granted, the facility will be converted into a development loan.
We’re always a fan of forward- thinking initiatives that support SME developers and this product gets a big thumbs up from Propp.