98% of project costs
- Senior debt of circa 65% LTV (Loan to GDV) from specialist Deposit Taking banks
- Maximum advance of equity per single deal l is £2 million
- Equity investor requires coupon of £15% plus profit share between 40-50% (target IRR of 35%)
This means that
A Developer can gain valuable experience on a quality site with minimum cash contribution, ie, to carry out a project of £25m GDV (total costs £20m) the Developer only needs to input £400k of own capital
Why Work With Us
At Catherine Spode and Associates we have a proven track record connecting developers with the right funds. There is a very particular process that needs to be followed when approaching major lenders and we will ensure your application proceeds smoothly without any hiccups.