Whether you are an experienced property developer or somebody looking for a first-time project, our team of experienced managers are here to discuss and advise you on every aspect of your scheme. We have an unrivalled portfolio of lenders with a wide range of mortgages or loans available to suit your circumstances.
Watts Commercial Finance Ltd can provide a range of loans or mortgages, which will help to support your project. All developments are unique and must be individually assessed with our managers carrying out site visits and working closely with you to fully understand the project and secure the best funding package.
Whether your project is large or small, we can organise effective and hassle-free financial support. There are a range of property development projects we can fund, these include:
Lenders typically work to the gross development value (GDV), this is the end value of the development once finished and any funding agreed upon will be a percentage of this figure. We can arrange with our lenders and providers the following:
When our clients need to raise additional funds for development we can arrange Mezzanine funding. This can increase the overall funding to 90% of the total development costs including site purchase.
Mezzanine finance is provided by specialist funders on a second-charge basis, “topping up” a senior debt facility to complete the finance package.
Finally, we can also arrange a New Home Warranty which has been developed by our provider for house builders working on newly built or converted private residential developments. This provides a 10-year structural warranty approved by the Council of Mortgage Lenders. We can also help our clients arrange warranties on commercial and industrial developments.
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