Bridging · Developer exit
Developer exit finance
A refinance for completed or nearly completed schemes, giving unsold units the time to achieve full value while you redeploy capital into the next project.
How developer exit finance works
Development facilities are priced for construction risk and usually carry a fixed term. Once a scheme reaches practical completion, that risk has gone — but the facility often remains more expensive than it needs to be, and the term may be close to expiry.
Developer exit finance repays the development lender and replaces it with a short-term loan secured against the finished units. Because the asset is complete, rates are often lower than the development facility, and in some cases the refinance also releases equity for your next acquisition. The loan is repaid as units sell.
Typical uses
- Repaying a development lender at or near practical completion
- Avoiding default interest or extension fees on an expiring facility
- Releasing profit to fund the deposit on the next site
- Giving the sales agent time to sell units at full value rather than at a discount
- Holding completed units while a longer-term refinance is arranged
What lenders will look at
- Practical completion certificate, building control sign-off and warranties
- Current sales position — reservations, exchanges and pricing evidence
- The redemption statement from the existing lender
- The agreed release price for each unit
Questions
Frequently asked questions
Can I refinance before practical completion?
How are release prices worked out?
Can developer exit finance release equity?
Have a bridging deal in front of you?
Send us the headline numbers. We will tell you plainly whether it is fundable, how we would structure it, and what we would need to take it to lenders.