Key features and benefits of our Refurbishment Loans
The NEXA Property Refurbishment Loan is available residential property developers and housebuilders for the conversion of existing residential buildings, or commercial buildings with planning permission to covert into residential dwelling.
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
