Property finance firm District & County Investments (DCI) has provided a £220,000 net development exit facility to support an SME developer in Aldershot, Hampshire.
The facility, secured against a completed new-build three-bedroom semi-detached property, enabled the borrower to raise capital against a near-complete unit.
It has been used to complete on an auction land purchase, allowing the developer to recycle equity into its next project.
The underlying scheme comprises two newly built residential units on the same site.
DCI structured the facility at circa 45 per cent net loan-to-value. The 12-month term offers flexibility around the timing of exit, supporting both a sale of the completed unit or a potential buy-to-let refinance.
Rahul Sharma, business development manager at District & County Investments, said: “This was a great first deal to complete at DCI and a strong example of how development exit funding can be used to support ongoing growth for SME developers.
“The borrower had delivered a high-quality scheme and was looking to efficiently recycle capital into their next opportunity.
“By structuring the facility at a low leverage with a flexible exit, we were able to provide both certainty of funds and optionality around how the loan is repaid.
“It’s a good illustration of how we approach lending – focusing on the underlying asset, borrower strength and sensible structuring to support real-world execution.”
