Few development financiers can boast the intimate understanding that Helmsley Group has; as a developer themselves, they truly appreciate their clients’ needs.
In bridging finance, it’s crucial to have an intimate understanding of the challenges your clients face. Few lenders have the in-depth knowledge of property development that Helmsley Group has, because they don’t simply finance development. They’re a developer in their own right, with a strong track record covering everything from listed property to residential conversions and commercial HQs.
Helmsley Group is able to put its experience to good use as a lender because it doesn’t rely on banks. It’s in full control of the money that it lends out, so borrowers are never forced to jump through hoops. They’re always working with a lender that fully appreciates the challenges they face, and which is always willing to help them achieve their goals. Because Helmsley Group has been working in the industry for more than 40 years, they have plenty of experience with the hurdles developers face every day. This lets them provide innovative solutions to any problem, and they’re never constrained by red tape.
As a developer, Helmsley Group also provides syndicated investment services for investors. With a portfolio consisting of high-yield properties all over the country, from Salisbury to Bridlington, Helmsley Group provides investors and borrowers alike with the tools they need for success.
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A bridging loan is a short-term loan secured against property. It allows you or your business to “bridge a gap” until either longer-term finance can be arranged, or the underlying security or other assets can be sold.
Development finance can be offered against both residential and commercial property. Development loans are designed to help developers fund refurbishments, renovations, or conversions of existing property or to build brand new properties on a ground-up basis.
Development finance can be used for new build projects, commercial and residential developments, renovations, conversions or for the redevelopment of existing properties. Loans can be used for a vast range of different property types.
By assessing how extensive the project is, how long it is likely to take and how much it is likely to cost in a worst and indeed a best-case scenario. Refurbishment bridging loans will cover a majority of light and heavy refurbishment projects but for more extensive development projects including ground-up builds of one or indeed multiple units, development finance can potentially cover both the land purchase and build costs
Loans generally range from £25,000 to many millions depending on the size and complexity of the planned development. The amount that can be borrowed depends on the strength of the development proposition, the location, the potential profits, the perceived risks and of course ultimately on the lenders risk appetite.
Yes. Rates are generally a little higher for development finance which reflects the greater complexity and slightly higher risk associated with this form of lending.
Experienced developers, some of whom rent out completed properties, often use property they already own within their portfolio to secure lending. With enough equity in an existing portfolio finance can be secured to buy more properties or land for future projects.