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Ground-up & heavy refurb

Funding for sites that are about to become something.

Ground-up development finance and heavy refurbishment loans for small developers and portfolio landlords delivering one to fifty units.

Start an enquiry or call 07967 614 256
Day-1 LTV
Up to 65 – 75% of purchase / site value
Loan-to-cost
Typically up to 90% LTC including 100% of build
Loan-to-GDV
Generally capped 65 – 70% of gross development value
Drawdown
Monthly tranches released against monitoring surveyor reports

Overview

What we arrange.

Development finance is fundamentally different to a mortgage. The lender is underwriting a project — the site, the team, the timeline, the end-value — not just a property and an applicant. The strongest offers go to the cleanest packages: a credible appraisal, sensible build cost, a contractor and QS the lender recognises, and a realistic GDV.

We’ve worked on every shape of scheme from a single barn conversion to multi-unit PRS developments. The same principle applies: package the deal properly, target the right lender first time, and the cost of capital comes down.

Facets

Ground-up development

Site acquisition plus build costs, drawn down in stages against monitoring surveyor sign-off.

Heavy refurbishment

Structural conversion, change-of-use, HMO and PD-rights schemes funded against the post-works valuation.

Light refurbishment

Cosmetic and non-structural works — typically packaged inside a bridging facility with built-in works tranches.

Exit finance

Term-out facilities to take you off development finance once practical completion is reached and units are being sold or let.

Send it through

Have a case in front of you?

Five minutes on the phone with Paul usually settles whether the deal works — and at what cost.

Start the enquiry Call 07967 614 256

Use cases

Where this product earns its place.

  1. 01

    First-time small developer

    Single-plot or two-unit ground-up scheme — we package the appraisal, professional team and lender-side requirements to get a clean offer.

  2. 02

    Experienced developer scaling up

    Five to fifty units across one or several sites. Senior debt, stretch senior, or senior + mezzanine structures depending on equity in play.

  3. 03

    Landlord converting to HMO

    Refurbishment finance against a property being uplifted from C3 to C4 or sui generis HMO, refinanced onto a long-term HMO mortgage.

  4. 04

    Office to residential under PD rights

    Funding the acquisition and conversion of permitted-development-eligible commercial stock into residential units.

Questions

Common ground.

How much equity do I need to put in?
On a typical small-developer scheme, expect to contribute around 10 – 15% of total cost. The exact figure depends on day-one LTV, build cost coverage, and the lender's GDV cap.
Do you fund first-time developers?
Yes. A handful of lenders are comfortable with first-time clients where the professional team — contractor, QS, architect — has a track record.
What documents do I need to apply?
An appraisal, schedule of works, planning permission, costed contractor quotes, CVs for the build team and details of the exit. We help build the pack from scratch where needed.
What happens if the build over-runs?
Standard development facilities include a contingency drawdown and a term extension mechanism. Material over-runs typically refinance into an exit / sales-period facility.

Get a route

Tell us about the deal.

Four short questions. Paul replies inside one working hour with a named lender and an indicative cost.

Speak to a specialist

Send the brief.

Inside one working hour we'll come back with a named lender, a realistic timetable, and an indicative cost.

Step 1 of 4 · Deal type

Also at the desk

Short-term capital

Bridging Loans

Fast, flexible short-term funding for property purchases, refurbishments, auctions and chain-break scenarios.

Long-term commercial debt

Commercial Mortgages

Owner-occupier and investment commercial mortgages secured against shops, offices, industrial units, mixed-use and semi-commercial property.

Specialist BTL

HMO & Portfolio Finance

Long-term mortgages for HMOs, multi-unit blocks and portfolio landlords — including limited-company SPV structures.

Next step

When the deal lands on your desk, don't wait on a high-street underwriter.

Speak to Paul directly. Five minutes on the phone tells you whether the case is fundable, who the right lender is, and what the realistic timetable looks like.

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