Because these businesses aren’t worried about making sure the next project is profitable or trying to get the cheapest finance deal, they’re creating a model internally to be independent of the finance sector.
How much info do you need to get together for a bank when you take out a loan? How about the documents you need to if you have a trust, with a corporate trustee!
The larger a company becomes, the more complex the structure, the more complex the structure, the more info you need to provide the bank for a loan. It would be impossible to have a consistent flow
of projects, with the levels of turnover these developers have, and trying to get all funded by “the cheaper option” without a
full-time department dedicated to finance applications.
They have been referred from finance brokers, accountants, solicitors and agents we work with. On average we qualify between 8 - 15 developers per week.
The exit strategies we build into each opportunity are not affected by delays in the project. If delays have affected a refinance of your loan and the term has surpassed by two weeks, there is a “default” interest rate charged. This is written in the loan documents and it is executed immediately.