West One raises development finance loan limit to £15m
West One Loan’s development finance team has significantly enhanced its product offering with senior development facilities now available up to £15m – previously £10m.
The product enhancement further signals West One’s commitment to continue supporting small and medium-sized house builders by offering fast, competitive and reliable financing solutions for property developers.
Guy Murray, head of development finance at West One, comments: “As we’ve grown our development finance business over the past three years, the developers we’ve lent to have also expanded their businesses and moved from smaller to larger projects.
“We made these changes to ensure we continue offering competitive products to our customers, so they don’t need to find an alternative solution in financing larger development sites.”
West One’s product offering:
• Loan sizes from £1m – £15m
• Lending up to 65 per cent LTGDV and 85 per cent LTC
• Funding residential led schemes
• Funding 100 per cent of build costs
• Lending across England and Wales
• Developers must be experienced (minimum of two completed projects)