Shedding light on a property finance brokerage – Finspace Group
You are ready to join the millions of property investors and developers in the UK and start building your project that will deliver reliable, state-of-the-art quality products for the coming 20 years. Getting into property development has a real appeal if you are looking for a great return on your investment. But most of the time developers seek financial stability required during the project. In such situations, it is crucial to use a property finance professionals to arrange and provide funds to finance your project.
There are several lending options available to finance property development projects. Arranging finance for property purchases and development can often be complex, which is why it helps to have a knowledgeable finance broker to help you find the best way to fund the project. Finspace Group is one of those firms which can help provide the right advice and solution for a successful project.
Finspace Group specialises in raising finance on residential and commercial properties –helping both UK and international clients to get favourable funding deals. Finspace Group helps you in what you are best at. With years of experience, Finspace has been assisting their clients to achieve their property dreams. Their knowledgeable and considerate team prides themselves on both their professionalism and the personal touch they offer all clients. So, if you want to find out exactly how finance brokers should operate, look no further. Finspace is here to help.
We provide the following services to our clients:
- Development finance
- Commercial mortgage
- Portfolio refinance finance
- Short term bridging finance (auctions)
Thousands of people just like you have achieved their dream while working with Finspace.
Finspace arranges various types of development finance deals for your specific project. You will get the most out of your developments if you understand the fundamentals of the capital stack. According to Finspace advisors, you can use development Finance for most types of property development.
Commercial Mortgage refers to a set of funding options that provide a resourceful way to fund purchases and refinancing as compared to short-term solutions. Since Finspace works with several lenders in this space, your situation must be presented in the right way so lenders can take a commercial view of it. The difference from one product to another can be substantial at times.
Professional investors and private landlords with more than one buy-to-let property require specialist funding to enable them to expand their property portfolio and ensure it is delivering the expected ROI (return on investment).
Short term finance
Short-term finance, as the name suggests, covers a period between a few months to 24 months. This obligation is generally designed to be a quick fix for an acquisition or bridge between refinancing and value addition.
How Finspace Group can help
As a property developer, your day job is to source, build and sell projects to make a profit. Finspace can help to source appropriate funding for these project. Finspace has been assisting property professionals successfully for years through their lender relationships. They know who is lending, on what terms, pricing, and how they operate. And more importantly, what underwriting risks certain lenders are willing to take.
Depending on your circumstances, you may require reasonable leveraged Senior Debt, or with a stretch. Will a mix of Senior Debt and Mezzanine provide more money and be cheaper? Do you need any JV partners to make the project work? Do you require further time to build and/or sell an existing project where a Development Exit Facility would be appropriate? Or equity release from a current project? Or do you simply require a short-term bridging loan to acquire an asset pending changing or improving the planning consent?
Working with Finspace you don’t have to worry as they compare all the lenders, thus providing you with the best options. The lender may require some documents at the beginning of the process;
- Executive summary of the project
- CV or portfolio and,
- Some documents about the project.
At Finspace, we have already worked with many satisfied property developers who have provided great reviews which you can view on our website. When you have an existing project that you need to act fast on with financing, Finspace group can provide one-shop-stop solutions. Get in touch today!