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

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.

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