Types of loans
Exit Finance
Exit Finance explained
When a development is near practical completion but is awaiting release to market to sell, a developer may be forced to postpone the next land purchase or development until the sales funds have come through. Traditional banks can be reluctant to make a new loan until an existing development loan is fully repaid.
Exit finance gives a developer the funds to repay their bank so that they can maintain commercial continuity, to purchase the new site, arrange bank funding and retain the trades for the next development.
A property developer only has one opportunity to sell the developed units and should not have to sell them under pressure to repay the bank, or to be forced to sell during a quiet holiday period, or to accept discounted offers.
Structured exit finance puts the developer in control by providing extra time to control the timing of the marketing and sales of the scheme. And, with interest accruing daily, the loan can be repaid when it suits the developer.
If you live in the South West or South Coast of England or South Wales, you can arrange exit finance with Bricks Finance.
See our success stories
Seven Luxury Homes, Newton Abbot
Local tradesmen Sam and Simon started their careers in the building industry and, like many others, did the odd bit of private work for friends…
Forest Eco Homes, Cornwall
When the man behind an idyllic forest holiday development was struggling to borrow to finance his plan, assistance from Bricks Finance proved to be a…
3 Luxury Houses, Devon
Beverley Stone-Parker who has 30 years’ experience in construction, funded the land purchase and groundworks for a select development of four 5-bedroom homes herself. These…
Loan calculator
Loan calculator
Amount you want to borrow
£50,000
£50,000
£5,000,000
Over how many months
3 months
3 Months
36 Months
Total you will pay
£1,500
Amount of interest over 3 months
This calculator is for illustrative purposes only.
We will always treat your personal details with the utmost care and will never sell them to other companies for marketing purposes. All information provided by you will be treated securely and confidentially. For more information view our privacy policy.
Investment calculator
Investment calculator
Amount you want to lend
£50,000
£50,000
£5,000,000
Over how many years
1 year
1 Year
5 Years
Estimated return
£2,500
Amount of interest over 1 year (5% APR)
This calculator is for illustrative purposes only.
We will always treat your personal details with the utmost care and will never sell them to other companies for marketing purposes. All information provided by you will be treated securely and confidentially. For more information view our privacy policy.
What our customers say
Frequently asked questions
Is the whole loan process managed online? If so, how can I apply?
You can apply online now by using our contact us form and we will respond within 24 hours. Or you can just call us on 01392 345778.
Can I get a loan even if I am retired?
Yes, Bricks Finance lends to people who are retired. You can apply now by contacting Tracey Abbott, our Head of Lending, by calling 01392 345778 or use our contact us form.
How long does it take to arrange a loan?
We have made loans as quickly as two days from initial request.
Do you offer short term and long term loans?
We offer loans from 3 to 36 months.
What’s the maximum amount of money I can borrow?
Between £50,000 and £2,000,000. Larger loans may be possible.