We are delighted to see the completion of a great project in Cornwall for which we have provided stretch funding to an established client.Read more
Development stretch finance provides developers with a means to spread their capital across a greater number of projects or to fund larger projects without a requirement for a separate mezzanine funder. Funds are secured by a first charge on the subject site with a high loan to cost ratio of up to 90% meaning less equity is required from the developer. Up to 100% of costs can be covered in some circumstances with additional security.
We offer competitive rates for stretch finance
Loan to Cost
< 90% LTC
Up to 100% LTC considered with additional security
High street senior lenders often restrict their lending to 60% of costs (i.e. site plus build costs) whereas Saxon Trust can provide a facility of up to £5,000,000 at a ratio of up to 90% of costs (with up to 100% in some instances where additional security is provided). Stretch funding can aid a developer's cash flow and enable more, or larger, projects to be taken on.
Saxon Trust can tailor bespoke stretch funding with a blended rate that will reduce costs whilst still providing the facility necessary to support the development.
Enjoy this aerial footage of one of our Cornish developments where we have provided property development finance. A stunning setting for these six apartments each having views over the estuary and out to sea.Read more