Development Exit Loans

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Development Exit Loan – why use it?

Development Exit Finance is a short-term loan often used by developers to repay a previous loan once the development work is nearing completion and the development has not yet been sold.

Exit loans can provide much needed flexibility and liquidity for developers who want to move onto their next development project. Development Exit Loans can also be arranged quickly.

One of the main advantages of a Development Exit Loan is that it is easier to get better interest rates nearer the completion of a project than it is at the start.

With so many factors that can add time and delays to a development project, loan deadlines can often come up too soon for developers. Development Exit loans can bridge that gap. In fact they act somewhat like a bridging loan. Development loans can provide much needed breathing space to developers so they can move onto their next project without having to rush through a sale.

With a Development Exit Loan you can typically:

  • Avoid extension fees on your current develop loan
  • Pay back early without early repayment charges
  • Borrow to allow time to sell a finished development
  • Borrow the money to finish a development
  • Leverage against the increase value of a development

What do I need to know about a Development Exit Loan?

As with all development loans it takes evidence to assure the lender that there is a high chance of return on the loan. Our specialist team is experienced at securing development exit loans for our developer clients.

If you are nearing the end of your development work, don’t hesitate to get in touch with us so we can discuss options with lenders.

If your current lender is unwilling to provide an extension or there are fees involved, it is a good idea to find out how we may be able to help with a Development Exit Loan instead. You could potentially avoid the fees and pay lower interest.

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    Development Exit Loan – A Case Study

    During the Covid19 restrictions we were able to help a client whose project was delayed due to problems in the supply chain.

    With the development exit loan secured quickly, even before completion and building regulations were signed off, the developer was able to pay off the existing loan and release an extra £400,000 in cash.

    Read more detail in our blog.

    Case Studies

    I’m moving into my dream home thanks to Mesa – I’d recommend them to anyone and I feel very lucky to have been taken care of by a company that gave me such brilliant support

    Alexandra Winter

    We have been so impressed with Mesa Financial. They have a highly knowledgeable and skilled team. The customer service has been amazing throughout the process and they are always available to you via phone or email. Highly recommend them – very professional service.

    Nina Jay

    Mesa has supported me through the whole process of getting a mortgage. My contact reference was always reliable and always promptly took action to make sure everything would move ahead smoothly. Brilliant service.

    Robin Ancilotto