PR

Catalyst unveils 'ground up' development finance product



Catalyst Property Finance has launched a “ground up” development finance product, with tracker rates from 5.25% over the bank base rate.


This new offering targets residential and mixed-use schemes with up to 20 units across England and Wales, and can support a term limit of up to 24 months.

The new product will provide leverage of up to 85% LTC and 65% LTGDV, with loan sizes ranging from £250,000 to £5m.

Catalyst charges neither commitment fees nor non-utilisation fees, with applicants able to work with a dedicated business development manager and underwriter from enquiry through to completion.

"We have built amazing resources for understanding and processing refurbishment risk of all natures, and we look forward to applying this knowledge to assist developers to succeed with small-to-mid market ground up schemes,” said Chris Fairfax, CEO at Catalyst Property Finance (pictured above).

“With dedicated institutional development funding, this is not a bridging or refurbishment capital disguised as development finance — we have focused on delivering a senior stretch proposition that balances higher leverage with leading interest rates and fees."

James Farge, sales director at Catalyst Property Finance, added: "Catalyst has built a strong reputation for delivering for both our borrowers and intermediary partners across bridging and refurbishment finance.

“We are now bringing this same relationship-led approach to our ground-up offering, supported by enhanced pricing and greater flexibility.”



Leave a comment