You are here: Home - News -

Castle Trust expands development finance offering

by: Chris Menon
  • 31/10/2017
  • 0
Castle Trust expands development finance offering
Castle Trust Capital has expanded its development finance offering, introducing a number of changes that reflect the lender’s appetite to grow its lending.

Castle Trust has doubled its maximum loan size and is now able to lend up to £20m on loans up to 65% Gross Development Value (GDV).

Maximum GDV has been increased from 70% to 75% for loans up to £15m and, for those developers who do not need this extra leverage, Castle Trust has introduced more competitive pricing at 65%.

In addition, Castle Trust is rolling out its Mezzanine Finance offering, which launched as a pilot earlier this year. Mezzanine loans are available up to £5m on schemes of up to £50m.

Nick Oakley, director of structured finance at Castle Trust Capital, said: “We are delighted with the way our portfolio has been developing since our launch last year, and this means that we are able to expand our offering on the back of an established book. We now have a full suite of senior and mezzanine finance options for experienced developers who want to maximise their returns through the efficient use of capital.

“At Castle Trust, we place great emphasis on the principle of ‘yes means yes’ and we recognise that developers need a finance partner that knows what it is doing, is strong, consistent and committed to the relationship,” he added.

There are 0 Comment(s)

Comments are closed.

You may also be interested in

  • RT @htbplc: 📢 | We're at the @mortgagesols Specialist Lending Event next month in Esher, Solihull, York and Liverpool. Interested in atten…
  • RT @ShawbrookBroker: Join us at the @mortgagesols Specialist Lending Event 2019 throughout Feb! Don't miss industry experts addressing the…
  • RT @OTJournalist: Eastgate to join Shawbrook as MD of commercial mortgages operation. He's spent more than six years at OSB. https://t.co/y…

Read previous post:
house under construction
British Business Bank enables United Trust Bank to offer £500m in development finance

United Trust Bank (UTB) will provide more than £500m in development finance to UK SME housebuilders following a deal with...

Close