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 Davenham Group plc - Developers Buy to Let

Developers Buy to Let


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Developers Buy to Let Facility
provides developers with an alternative finance option on completion of a scheme. Also enables professional investors to acquire property
 

This facility will appeal to all kinds of developer, from a house building business wishing to finance a number of units or a professional investor who has completed the refurbishment of a single residential property, or is making a purchase.

With no rental income criteria whatsoever, terms of up to 12 months and no hefty redemption fees should sales be completed on properties following drawdown, this product is a must for developers.

New build residential property as well as conversions and refurbished property can all be funded, as well as acquisitions.


     
Handshake image for Developers Buy to let  

Case Study

A residential developer recently completed a scheme of 20 houses. With 13 sales completed, the developer’s profit was tied up in the remaining 7 properties.

With an urgent need to release equity to provide the necessary cash flow to progress other sites, the developer approached Davenham to fund the unsold properties.


A decision was quickly made to provide a facility at 80% LTV.


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