West One Loan is now offering senior development facilities up to £15m.
The previous limit was £10m.
The development product offering has the following features:
- Loan sizes from £1m – £15m
- Lending up to 65% LTGDV and 85% LTC
- Funding residential led schemes
- Funding 100% of build costs
- Lending across England and Wales
- Developers must be experienced (minimum of two completed projects)
Guy Murray, head of development finance at West One, said: “As we’ve grown our development finance business over the past three years, the developers we’ve lent to have also expanded their businesses and moved from smaller to larger projects.
“We made these changes to ensure we continue offering competitive products to our customers, so they don’t need to find an alternative solution in financing larger development sites.”