When a property development is almost at completion, a developer exit loan can be used to clear an existing development loan facility.
They can be used to relieve some of the pressure of sales deadlines. They are usually a short term, specialist bridging product. Developer exits can allow some funds to be released for potential future projects.
Where a property is reaching the end of it’s development, development funding is likely to be due for repayment and in some cases, the development may not be sold. Development exit loans can be used to provide the developer with additional time and monies to complete the sale of the project. It is not uncommon for developers to encounter delays in their projects, and so a developer exit can be a good solution to allow developers to maintain control over their project and profit margins.
Development exits can be used in a number of situations including:
Where a property is reaching the end of it’s development, development funding is likely to be due for repayment and in some cases, the development may not be sold. Development exit loans can be used to provide the developer with additional time and monies to complete the sale of the project. It is not uncommon for developers to encounter delays in their projects, and so a developer exit can be a good solution to allow developers to maintain control over their project and profit margins.
Development exits can be used in a number of situations including:
