Stretton Capital increases maximum development finance loan to £15m
Stretton Capital, the privately funded short term lender based in Chester, has increased its maximum loan for ground up development finance to £15m.
Stretton lends up to 65% LTGDV across England & Wales and development finance is available to experienced property developers with at least two ‘ground up’ projects completed within the last 3 years.
Mark Harrison, Director of Business Development, said:
“Demand for our development finance product has increased exponentially over the last 18 months and this loan increase is in response to that.
We listened to our brokers who like what we do and how we do it but often wanted us to look at bigger deals rather than have to go elsewhere for their financing.
This is just further proof of our ongoing commitment to the intermediary market and is the first of a number of new initiatives we are launching before the end of this year.”