Updated: Dec 22, 2018
nu: 1 Capital Bridging Loans
We work with an array of financiers that can help you in achieving your goals. The bridging marketplace is dynamic and constantly changing. Here at nu: 1 Capital we strive to bring to our clients the very best terms to suit their circumstances.
Development finance can be used by property developers to fund a wide variety of building projects. It is different from a bridging loan in that the lender can advance up to 70% to purchase the site and up to 100% towards the construction costs.
The construction costs are advanced in stages over the duration of the project. Most lenders work closely with the developer in order to maximize the potential profits form the project.
Here at nu: 1 Capital, we have access to specialist development funders that are looking to work with developers, including first time developers.
Funds available for single unit projects through to multi million pound multi-unit projects
Commercial and Residential Development including mixed use sites
Funds from £100k Terms available up to 36 months
Joint Venture Facilities available
Mezzanine Facilities available to 90% of Gross Development Value
Rates from 0.5% per month
Current Terms Available
1 to 36 months
£25,000 – No Maximum
Monthly rates starting from 0.35%
Non-status and full status
Upto 80% LTV for purchases
Interest roll-up schemes
Adverse Credit –no problem
No Income Proof Required
Funding can be available in 5 – 7 business days
Funds for any legal purpose
Up to 100% Loan to Value available with no further security –subject to criteria
Land purchase or refinance up to 70% of the Open Market Value
Commercial, Residential,Semi Commercial and Land
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