The distributor’s development finance team has selected an elite panel of lenders and will now offer financing to professional property developers.
This includes developers working on single or multiple units, or from the ground up as well as individuals looking to self-build.
Enterprise will also consider aspiring developers looking to enter the market.
- Specialist bank enters northern development market
- New lenders predicted to enter development market
- Bridging lender launches product for North West developers
Key features of its range include loans:
• up to 100% of land purchase price
• up to 100% of build cost
• up to 100% of interest and fees retained in the loan
• up to 65% of GDV
• minimum £150,000
• maximum £25m
• from 6% pa.
Part of the Enra Group, Enterprise also specialises in second charge, bridging, commercial and complex buy-to-let mortgages and loans.