The commercial property VAT funder hopes the product will improve developers’ cash flow by giving them an additional, reliable source of working capital.
VATBRIDGE said the facility was easy to apply for and funding could be in place within seven days.
The lender would also handle the whole reclaim process and the developer could draw as much or as little of the funds available as required.
- Anatomy of a deal
- LendInvest raises £150m in residential development finance
- Steve Norris announced as keynote speaker at Beaufort seminar
“We have been researching ways in which we can assist developers throughout the construction period when cash flow can be tight,” said Laurence Rutter, CEO at VATBRIDGE (pictured above, right).
“By providing an additional line of funding, we can help reduce financial pressures and allow them to take advantage of other development opportunities in the knowledge that they have a reliable funding partner that understands their sector.”
Also pictured: Vincent Bull, managing director at VATBRIDGE