Joint Venture Funding
Aberclay is a primary lender providing total development finance solutions without the restrictive terms often imposed by traditional High Street lenders.
- Housing schemes considered nationwide that have full planning consent or outline planning and a start date within 12 months.
- Minimum Gross Development Value (GDV) required of £4M.
- Appraisal of schemes focuses on phasing of developments, greatly reducing the equity required from the developer.
- Aberclay return aligned to development profit so fully committed to the overall and ultimate success of the project.
- Aberclay hold a first or second charge security for their loan.
- Proven track record in house building required from the developer.
- Aberclay has a small and highly experienced management team so developers speak directly to the decision makers.
Our Process
Aberclay loans are quick to secure and tailored to the individual circumstances of the developer.
- Quick analysis of developer’s initial appraisal, planning permission/application and plans.
- Site visit to assess the suitability of the location and the scheme.
- Due diligence of construction proposal and local residential property market.
- Funding package proposal prepared with full financial appraisal and cash flow for the scheme.
- Warranted build cost, build programme and sales programme agreed.
- Joint Venture Contract agreed between developer and Aberclay.
- Funds released.
Are you a developer looking for finance?
If you have a residential development scheme you would like us to consider, please get in touch.