Types of loans
Development Exit Finance
3 to 12 mths
£100K to £5m
Up to 80%
loan to value
Development 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.
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What our customers say
Thank you for partnering with us on this project. It's been great to have had a knowledgeable funder who understood the project and allowed us to get on with doing what we do."
John & Sam, Property Development
It has been fantastic working with you all and we’ve appreciated your advice, support and efficiency throughout."
Vicki and Peter, Property Development
I'm so happy and want to thank you with all my heart - you have enabled me to buy the property of my dreams!"
Chloe, Property Loan
We cannot thank you enough for helping get this over the line and the life-changing opportunities that are now on the horizon"
Jill, Property Finance
Personally, I found the service from Bricks 11/10 in every aspect, and I would highly recommend."
Oli, Property Developer
Bricks have given me the support I needed to do this. I couldn’t be happier to see it going up before my very eyes."
Russ, Beach House Development
When the guys from Bricks say they are going to back you they do, and it has been a real pleasure partnering with them on this project."
Matt, Property Development
I was really pleased with how quickly I had access to finance. I would recommend them to anyone looking to raise finance."
Jon, Property Development
I’d really recommend Bricks Finance for anyone who needs to raise finance. They just allow you to get on and make things a success."
Dave and David, Property Development
I will be forever indebted to you all (thankfully no longer financially!) for taking a punt on somebody looking for a leg up in a new industry."
Alex, Forest Holiday Village Development
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.