Development exit finance allows developers to refinance out of an expensive development loan once a project is practically complete — reducing costs while units are sold or let. It's an essential tool for managing cash flow and maximising returns.
How It Works
Once your development is at or near practical completion, exit finance replaces the high-cost development loan with a cheaper, short-term facility. This gives you breathing room to sell units at the best price rather than accepting fire-sale offers.
Key Benefits
- • Lower interest rate than development finance
- • Time to achieve optimal sale prices
- • Release capital for your next project
- • Avoid default penalties on expired development loans