Cambridge & Counties Bank launches new Development Finance solution
Specialist lender Cambridge & Counties Bank has launched a dedicated Development Finance solution for experienced property developers and SMEs looking to fund the purchase and development of residential assets in the UK.
Development finance loans are specifically designed to support investors and developers across the key development phase of a project.
Cambridge & Counties Bank is offering loans from £500,000 up to a maximum up to £7.5m, for a term of up to 24 months. Loans are available at up to 80% loan to cost, with build costs fully funded, and up to 65% loan to gross development value.
As developers often transition between different types of loans across the lifecycle of a residential project – such as bridge, development and long-term loans – the new product allows clients to move between a development finance facility to a term loan with zero exit fees if they stay with Cambridge & Counties Bank.
Each client will also have access to a senior property manager working in development finance who can act as a single point of contact across projects and loan types.
Cambridge & Counties Bank continues to see strong demand from experienced property investors and SME clients for specialist real estate funding solutions.
In its FY2025 results, published in April, the bank announced its REF loan book had increased by more than 15% year-on-year to a record £1.21bn, with a 31% increase in the number of active finance brokers doing business with it across the UK.
Jayne Follows, head of Real Estate Finance at Cambridge & Counties Bank, said: “Brokers and borrowers have told us they are seeking reliability and integrity – our strategy is to build on the bank’s reputation for long-term relationships and a sophisticated approach to often complex lending needs to deliver an enhanced development financing proposition.
“Our target borrowers will be experienced developers with a proven track record within the residential sector looking for a hands-on, flexible, one-stop-shop partner who can support them across the lifecycle of a project with competitive financing.”