62 FINANCE & INSURANCE


FIVE KEY TAKEAWAYS ON DEVELOPER EXIT LOANS


1. Developer exit loans can save your project if you run out of funds, or if your original loan term is up and your lender can’t or won’t extend it.


2. Your project may have gone off track for a wide range of reasons, many of which could be out of your control.


3.


If the build is already wind and watertight, getting a developer exit loan should be straightfor- ward. Even if it isn’t, it’s possible for a lender to structure a new funding deal for you.


WE HAVE SEEN A 50% RISE IN DEVELOPER EXIT LOAN BUSINESS IN THE LAST YEAR


some lenders can still help. his sort of case would sit within providers developer funding range and reuires more bespoke underwriting and development expertise. ut its still possible.


If youre worried that you cant complete your proect and need to extend


your borrowing, a developer exit loan could be the answer you are looking for. It will allow you to get back on track, rescue your development proect and still allow you to create wealth.


Steve Smith is sales director at Roma Finance


4. A loan can give you additional time and funds to complete the project, pay off the loan and still potentially make a profi t.


5. Not all bridging lenders off er developer exit loans. They tend to be off ered by those with specifi c development expertise and multiple funding lines.


WWW.HBDONLINE.CO.UK


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84