Talk to us about progressing your project
Whether you need more time to sell your units or extra funds to finish a development, we have you covered!
Rates from 0.74% per month (BBR linked)
Funding available before practical completion
Capital raises and cash releases on sales
Daily interest, not monthly
No exit fees
Loan sizes
From £100,000 to £15,000,000 (and beyond)
Asset types
Complete or almost complete new- build residential sites
Max LTV
75%
Rates
From 0.74% per month (BBR linked)*
*Our rates track the Bank of England Base Rate
Terms
Up to 24 months
Development stage
Site must be complete or almost complete (<10% of overall construction costs left to spend)
Earlier stage developments considered at lower LTGDV
Borrowers
We are flexible on borrower profile
For low LTV cases, we can consider deals outside of usual appetite.
For developers under pressure from their existing lender, who need additional time to sell or let their new-build properties.
For developers who need to release equity from their sites to help with cashflow. Our product can allow day one capital raises and cash releases as remaining units are sold.
For developers who need more time and/or funding to complete a development. We are willing to lend before practical completion.
LTV: 60% LTV
Rate: 0.42% per month + BBR
Solution: Octane’s loan helps our borrower refinance the remaining 5 houses in a development in Angmering, giving them more time to market and sell them without pressure from their development lender.
LTV: 62% LTV
Rate: 0.36% per month + BBR
Solution: Octane’s loan helped our borrower refinance the final unit in a new-build development in Huddersfield. Our borrower needed to release capital from this project to help fund a separate development. Our loan allowed our borrower to draw the funds in stages, with interest only charged on drawn funds.
LTV: 65% LTV
Rate: 0.42% per month + BBR
Solution: Octane’s loan is secured against a semi-commercial unit in Paington, Devon, which consists of a commercial unit and 11 apartments above. Octane’s loan refinances the development lender and provides a capital raise to help the Directors recoup some of their investment.
LTV: 70% LTV
Rate: 0.39% per month + BBR
Solution: Octane’s loan was to an experienced property developer and is secured against 7 new-build houses in a development in Surrey. Our loan refinances the development lender and gives our borrower more time to market and sell the units.
LTV: 55% LTV
Rate: 0.35% per month + BBR
Solution: Octane’s loan was to a highly regarded developer and is secured against a prominent building in Liverpool City Centre, which our client was developing in stages. Octane’s loan clears the existing debt on the site, giving our client more time to sell the units in phase 1, whilst releasing extra funds to help with the development of phase 2.
Talk to us about progressing your project
0345 222 9009