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A development refinance loan is designed for developers who need to replace an existing loan, extend funding, or release capital once a project is part-complete or nearing completion. It provides breathing space and ensures projects are not stalled due to funding shortfalls.
These include refinancing from bridging to development finance, switching to longer-term commercial mortgages post-build, or releasing equity to fund additional projects.
Outline your project scope, timeline, and funding requirements.
Commercial mortgages, bridging loans, or development finance.
To assess risk and determine how much you can borrow.
Review offered terms with loan amount, interest rate, LTV (loan-to-value), and repayment structure.
Funds are released, either as a lump sum or in stages (especially for development projects).
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They reduce financial pressure, extend loan terms, and often provide more favourable interest rates once risk is reduced. Developers can also unlock tied-up capital for new investments.
Commonly used when developments overrun on time, require additional funding, or are ready to transition into long-term investment structures.
Exit strategy is crucial. Lenders will assess GDV (Gross Development Value), project progress, and sales forecasts before approving refinance.
Yes, as long as sufficient progress is made.
Often, as projects become lower risk.
Yes, through refinancing.
Refinance can extend the term and prevent default.
Yes, an updated RICS valuation is standard.
