Specialist short-term lender, Hope Capital has announced it is now offering 80% max LTV combined with the lender’s lowest rate, on its residential development exit product range.

Designed for completed projects, the loan can be used to relieve any pressure from the borrower who needs to pay outstanding capital back to their existing lender while they need additional time to find the right buyers.

Key features of the development exit loan include:

• 80% max LTV (additional security may be required)
• Rates from 0.85%
• No minimum term
• Residential property only
• Potential to capital raise for business purposes 
• Loans from £100k-£5m
• 1-18 month term
• No upfront legal undertaking available
• Dual representation
• Flexible payment options
• Fast turnaround
• Dedicated underwriter
• No exit fees

Kim Parker, Head of Sales at Hope Capital, commented: “Often, once a borrower has a project which has completed, there will be a limited amount of time to sell the property(s) and subsequently, pay back the loan. Our development exit finance option can therefore be used to raise capital quickly and provide the borrower with vital breathing space to sell the property, while tie up their existing finance obligations.”

Kate Cowan, Chief Financial Officer at Hope Capital, added: “We’ve worked with a significant number of brokers who have clients in need of this lifeline and predict there will be an influx of new borrowers in the same predicament in the near future. This is why we want our brokers to be reassured that we have ideal options for their clients to switch to a short-term, possibly lower-cost, funding option.”

To stay up to with the latest news at Hope Capital, follow the firm on Twitter and LinkedIn.

To find out more about Hope Capital and its extensive product range call 0151 523 5998 or email: newdeals@hope-capital.co.uk 

For further information please contact Emily Crowe, Senior Marketing & PR Executive at Hope Capital

Telephone:        0151 522 2582

E-mail:               emily.crowe@Hope-Capital.co.uk

NOTES TO EDITORS

Hope Capital was established in 2011 and is a privately-run bridging firm.  Our Relationships Go Beyond Lending, and we pride ourselves on being quick, flexible, specialist and transparent.

• We lend against residential, semi-commercial and commercial deals.
• Operating throughout England, Wales, and Scotland.
• We lend up to £5m for property purchase, refinance, and an array of other business purposes, including debt consolidation and covering cash flow.
• Our fixed rates start from as little as 0.85%, with a maximum 80% LTV, up to an 18-month term.
• Each loan is underwritten individually, and we can typically offer terms within an hour and funds within a few days.
• We offer a completely bespoke and personal service, so you can always speak to a decision-maker personally.

#RelationshipsBeyondLending