Stretched Senior Finance
Stretched Senior Construction Finance beyond normal lending
Challis Capital's Stretched Senior Development Finance provides significantly higher loan to value ratios than traditional senior lenders for well-located projects and experienced property developers.
Our stretched senior development finance provides significantly higher loan to value ratio's than traditional senior debt on a first mortgage basis with no mezzanine facility - effectively covering what a senior and mez combination previously achieved.Your equity goes furtherImportantly, as a developer, you can spread your equity over a greater number of projects because you require less equity on each project, significantly increasing your ROI.Key Points:- Up to 90% of Total Development Costs (TDC)
- Up to 75% of Gross Realisable Value (GRV)
- Competitive pricing
- Loan Amounts from $5M to $250M (loans over $250M call to discuss)
- Well located projects only
- Flexible pre-sale requirements (including overseas buyers)
- Overseas developers accepted