Back to Blog
Hambros Secured Lending have successfully completed another Development Exit Top Up loan to an award-winning house builder ME Developments.
The completed development comprises of 17 detached upmarket homes situated in Hampshire with pre- sales in place.
Hambros were pleased to provide an equity release facility in order for the developer to continue to invest in other development sites.
“Since we launched the Development Exit Top Up product, we have received great feedback from introducers and developers alike. Hambros are happy to be supporting good developers in releasing equity or securing more time for the sales process to take its course. “ said David Travers, CEO at Hambros.
Hambros can offer loans from £400,000 to £5,000,000 up to 75% LTV and a maximum term of 18 months over our full product range. Opportunistic first charge, Second charge and Mezzanine finance available.
For more information about this project, or to find out how we can help finance your scheme, please contact us.