A commercial mortgage is an ideal way to finance the purchase of buildings and land for business purposes. It offers a flexible and affordable finance solution that is tailor-made for purchasing any commercial property, including shops, factories, offices, and warehouses. It can also be used for taking over an existing business, purchasing a brand new building, or buying land.

One thing to keep in mind is that commercial mortgages are specialised loans, and the lender has a legal claim over the property until the loan has been fully repaid. This means that although they often come with higher interest rates and more variables than residential mortgages, they are more flexible and can carry extra incentives for borrowers.

If you need more information about commercial mortgages, please do not hesitate to contact me or one of my colleagues on 0845 017 6955.

Property Development Vision

When it comes to property development and maximizing profit retention, having a clear vision is crucial. Understanding the market and turning that vision into a reality is challenging, and developers often struggle with getting the finance right. Knowing what products are available and which lenders to use can be a major issue, as can ensuring that experts are involved in the deal to maximize profits.

That’s where the Go Finance Property Development team comes in. With our expertise, contacts, and resources, we can help you finance your next property development, determine your exit strategy, and devise a tax strategy that maximizes profits. We work with some of the most forward-thinking lenders in the industry, ensuring that you have access to the best deals available.

Our specialist team can help with every aspect of development finance, from High Street development loans to specialist merchant lenders offering high loan-to-values, and mezzanine lenders offering top-up money. We can also arrange pre-planning finance to take advantage of land buying opportunities.

If you’re looking to take your property development business to the next level, talk to our team today to see how we can help.

Development Finance and More

At Go Finance Property Development, we provide residential and commercial development funding for every type of developer. Whether you’re just starting out or are an experienced developer with a proven track record, we can help. However, for experienced developers with a strong track record, we offer market-beating products that can give you a real edge.

Our partnerships with High Street lenders mean that we can offer loans of up to 75% of the property purchase price and building costs, leaving you to finance the rest. These lenders are some of the most forward-thinking in the market, so you can be sure that you’re getting the best possible deal.

If your development requires higher loan-to-values, we can make a big difference. We work with specialist lenders who can arrange finance higher than the average deal on the High Street, in some cases going as high as 90% of cost. This means that even if you’re working on a particularly ambitious project, we can help you get the funding you need.

So whether you’re a first-time developer or an experienced professional, talk to the experts at Go Finance Property Development to see how we can help you achieve your goals.

Experienced Developers – Enhanced Residential Development Product

1. £100k – £uncapped
2. Housing projects in England, Scotland and Wales
3. Most borrower types considered e.g. corporate, onshore/offshore
4. Maximum term 3 years
5. 75% of the GDV up to a maximum 90 – 90% of the loan to cost
6. Lending above 75% LTC subject to enhanced returns e.g. exit fee linked to scheme profitability (% GDV)

New Developers or without track record

1. £200k – £5m
2. Housing projects in England, Scotland and Wales
3. Most borrower types considered e.g. corporates, onshore/offshore
4. Maximum term 3 years
5. 60% of the GDV
6. Lending above 60% GDV subject to enhanced returns e.g. exit fee linked to scheme profitability (% GDV)

To help us to give you a quick response to your enquiry the following information would be useful, however if you are just in planning stages feel free to call us to talk through your project;

1. Location plans
2. Proposed site layout
3. Proposed house types
4. Planning condition and copy of planning consent
5. Sales agent’s report of recommended selling prices or comparable properties
6. Development appraisal
7. Cost analysis/breakdown
8. Cash flow projections
9. Confirmation of existing services
10. A brief background to your experience

All information will be treated in a strictly confidential manner.

Looking for short term finance to take advantage of a purchase opportunity? The Go Finance Property Development team can help you with fast Bridging Loans through relationships with reputable bridging lenders. We work with hundreds of lenders to recommend the right one for you, ensuring the success of your project.

Our bridging finance lenders offer short-term financing, from 1 month to 18 months, until the borrower sells on or obtains more permanent, lower cost financing. With our help, you can secure a bridging loan from £26,000 – £3 million on a first or second charge basis, typically with a bridging finance loan to value (LTV) of 70% – 75% against the market value of the property. And with 100% possible if the asset is valued above or if additional security is available.

Bridging loans give you a stronger negotiating position when buying property, enabling you to buy without a contingency on the sale of your existing property or other assets. The amount you can borrow depends on the value of your home or security property and your ability to repay from sale proceeds, a long term mortgage, or a combination of the two. Second charges can be arranged on the amount that, when added to the first mortgage, is not more than 70-75% of the value of the property. Plus, within the amount of the loan, it is possible to roll-up interest so that your monthly finances are not disrupted. However, you should be aware that this will increase the amount that you have to pay back.

Trust the Go Finance Property Development team to guide you throughout the bridging loan process and negotiate on your behalf, so you can immediately take advantage of your purchase opportunity.

100% Residential Funding and Mezzanine Finance

At Go Finance Property Development, we understand that experienced property developers need adequate funding to undertake a greater number of projects and avoid missing valuable opportunities. That’s why we work with lenders that allow you to borrow up to 100% of the total project cost through mezzanine and equity finance arrangements, for both stand-alone projects and ongoing joint venture relationships.

We have close relationships with mezzanine lenders throughout the UK who provide the shortfall after the senior debt (bank loan). Some mezzanine providers will lend the entire shortfall, while others may require the developer to put 10% into the deal or take additional security in lieu of the 10%. Others can even provide 100% funding without the need for a senior debt lender. Equity/Joint Venture partners provide the top slice, taking a share of the development profits instead of charging a pre-determined interest rate or fixed fee. We ensure that all arrangements are straightforward and free from hidden fees, and we can provide in-principle decisions within a few hours with the right information.

Most investors will require the developer to provide a cost overrun guarantee as a contractor to protect their return. Typically, the investor will either take shares in the company or a profit share agreement, coupled with a second charge on the site, to sit behind the senior debt lender. Interest is normally charged on the debt and a fee may be payable.

Our mezzanine lender’s income can be generated from a share of the profits from the development or higher exit fees in some cases. We can even provide 100% funding to experienced developers or developers who have NHBC/Zurich registered builders working on the project, in a variety of structures. Whole Debt lenders will provide finance to complete land purchase and all costs, ensuring that you have the financial independence to undertake a greater number of projects with adequate funding for each transaction.

Key Points:

1. We require experience in the development industry to be considered for 100% or top slice funding. This includes experience as a developer, contractor or other industry professional.
2. Our focus is on first-time buyer properties, particularly in the south of England, rather than large single properties valued over 500k.
3. We strive for a minimum return on costs of 20%, which includes senior debt finance, to ensure that our projects are financially sound.

Go Finance Limited is a UK-based asset finance brokerage that operates independently. Our team brings over 100 years of combined experience in the asset finance sector, having worked for major high street banks. With specialists in various sectors, our team has gained valuable knowledge from hands-on experience and bank training programs.

We take pride in providing top-quality financial services that meet the unique requirements of our customers. Our independence from the banks we previously worked for allows us to provide objective and tailored solutions to our clients.

We can provide Finance Solutions in many formats:

1. Contract Hire
2. Contract Purchase
3. Personal Contract Hire
4. Personal Finance
5. Hire Purchase
6. Finance Lease
7. Lease Purchase
8. Personal Contract Purchase (PCP)
9. Variable Rate Packages
10. Balanced Payment Packages
11. Operating Lease
12. Sale & Lease-Back Packages

Our team has accumulated years of experience in the industry and has successfully sourced competitively priced vehicles and finance packages for thousands of companies, ranging from new startups to well-established multi-national organizations. Our extensive industry knowledge and expertise enable us to provide tailored solutions that meet the specific requirements of our clients.

Best Rates – Best Service

At our company, we take pride in striking a perfect balance between our size and service quality. We are big enough to command the most competitive rates from our lenders, yet small enough to provide the personalized attention that each of our customers deserves.

Factoring or invoice discounting is an excellent option for businesses to raise funds quickly and efficiently, without sacrificing equity or undergoing lengthy procedures with a bank. It can particularly benefit start-ups, as well as growing or expanding companies, by providing a solution for cashflow challenges. Factoring has been effectively used by businesses of all sizes and from various industries.

The benefits include:

1. Unlock the potential of your business by unlocking the money tied up in your invoices, giving you the financial flexibility to grow.
2. Get upfront cash with up to 90% of your invoice value paid out immediately, and the balance paid on collection, less our agreed fees.
3. Choose Bad Debt Protection to safeguard your business against potential loss from customers failing to pay.
4. Our flexible finance grows with your business to support your growth and expansion.
5. Gain instant relief from debt with Factoring, providing funds in just days.
6. Trust our award-winning service to get you more money, faster and easier than ever before.
7. Our credit control team has an average of seven years of specialist knowledge and is dedicated to maintaining a professional and effective credit control process for you.
8. Enjoy the benefit of a dedicated Credit Controller who understands your business and can provide a personalized approach to your needs.
9. Rely on our experienced account management team, providing you with straight-talking advice and support.
10. Access your account anytime with our 24/7 online portal.
11. Experience a speedy solution with the ability to get up and running in as little as three working days.