An exit strategy is your ability to pay off your bridging loan or property development finance.
Having a strong exit strategy makes your loan application process faster and more likely to be successful.
Hunter Finance assesses all loan applications on an individual case by case basis.
As we are generally repaid by our borrowers, we don’t offer exit loans as such. Those who seek exit loans go through buy-to-let mortgages or a refinance loan.
For most property developers, the exit strategy will be to repay on sale of the development.
If you are developing a property for sale then your exit strategy is to use the equity from the sales to pay off your development finance loans. Call our Sussex office on 01825 749721.
Consider the following questions when preparing your exit strategy:
1. How long will it take for the completion of your project?
2. Have you allowed for delays and setbacks?
3. What is the best exit plan for you?
4. Do you have buyers for your properties?
Contact us today if you would like to discuss your development finance options further with our property loan experts.
If we can help we will say so, if we can’t we will be able to point you in the right direction or suggest alternative financial vehicles.