Typical situations
Funding a ground-up residential or commercial development.
Financing a conversion, for example offices to residential.
Funding a heavy refurbishment beyond the scope of a standard mortgage.
Arranging finance staged against a build programme.
Planning the exit onto a sale or longer-term facility on completion.
How Verion helps
Where offered, we assess the scheme and the costs, and match it to development lenders whose criteria fit.
We help structure the facility so drawdowns align with the build programme.
We explain interest, fees and how the facility runs across the build before you commit.
We help plan the exit, whether a sale or a refinance onto a longer-term product.
The process
Assess the scheme
We review the project, the costs, the programme and the planned exit.
Match to lenders
Where offered, we identify development lenders whose criteria fit the scheme.
Structure the facility
We help align staged drawdowns with the build and explain the full cost.
Support to exit
We help plan the move to a sale or longer-term finance on completion.
Key considerations
Development finance is arranged where offered and where within our permissions. Availability is confirmed case by case.
Funds are released in stages against the build and secured on the property, which may be at risk if the loan is not repaid.
Costs, timescales and the exit plan are central to the case. Overruns can affect the facility. We set out the terms before you proceed.