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Key features and benefits of our Development Loans

The NEXA Property Development Loan is available to residential
property developers and housebuilders seeking to build small
scale residential homes.

  • Loans range from £500,000 to £7,500,000
  • Maximum loan to Total Costs of 80%
  • Maximum loan to Gross Development Value of 65%
  • All loans will be provided on a fixed interest rate basis
  • No early repayments charges or exit fees
  • Term loans between 6 and 24 month terms (per build phase)
  • Interest on all loans will accrue daily and will be compounded monthly
  • Interest will be added to the loan and paid by the borrower upon loan maturity or upon the sale or refinancing of the property(ies)
  • Multiple build cost drawdowns are available throughout the term of the loan
  • All applications will be manually underwritten and considered on a case by case basis

 

 

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