REAL ESTATE
Residential Development Finance
Structured financing solutions
for residential investors and developers
Residential Development Finance
We structure residential development finance to assist with the acquisition or refinance of buildings or sites and their development to provide residential units for sale or letting.
We can assist strong developers who have the track record, development expertise, depth and breadth of organisation, and integrity to see a transaction through. We structure residential development finance to assist with the acquisition or refinance of buildings or sites and their development to provide residential units for sale or letting. This can include finance for the purchase of the site, construction costs, infrastructure and services, ancillary professional costs and the capitalisation of interest.
We can structure finance for all forms of residential development from conversions through to new build and everything in between. Although we prefer to structure finance that will see the scheme to fruition, we will consider structuring funding for phased developments if that is the most sensible approach to the project.
Loans are usually structured so that all the construction and associated costs are covered by the facility with the residue available towards the acquisition or refinance and interest cover. In this way, the borrowers’ stake is invested at the outset.
Our clients include:
- Developers seeking 100% funding on attractive and competitive terms
- New enterprises – contractors moving into development or experienced individuals going it alone – looking to secure sites currently out of reach without further financial support
- Developers looking for highly geared funding to undertake larger or multiple schemes
- House-builders with capital locked up in sites, wishing to achieve early release by refinancing existing developments
- Established developers looking for bespoke funding packages beyond normal banking parameters
- Developers looking to grow by acquisition or other corporate activity
Solutions include:
- PERMANENT FINANCING – Available for acquisitions, refinancing, and forward takeouts of construction loans, with LTV up to 85%
- CONSTRUCTION AND INTERIM – Available for new ground-up construction and major rehab / renovation projects, with LTV up to 90%
- PROPERTY TYPES – Market Rate Apartments, Affordable Housing, Assisted Living, Senior Care, Student Housing, Manufactured Home Communities
- FINANCING TERMS – Fixed and floating rate loans with terms tailored to the development schedule. Combination development and investment facilities can also be secured covering the development phase before converting to a longer term investment facility at practical completion. Loans are fully assumable, with earn outs available and flexible prepayment options. Rates typically based on prevailing Treasuries and 30-day LIBOR
RESIDENTIAL INVESTMENT
We deliver customised funding for the residential investment market. We can structure funding for purchases, refinancing and expansion of residential investment portfolios on an international scale.
Contact Us
To find out more about Captima and our services, please
contact us via our enquiry form here.
