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Time for a Sharp Exit?

Our Development Exit Product gives you the time and flexibility to complete and sell your project stress free
From concept to completion, we’ve got you covered.
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Development Exit Loan

Loan Size
£5m - £100m
(larger loan amounts are available on application)
LTGDV
80%
Interest Rate
From 0.45% pcm
Interest Service
Rolled up
Term
12 – 18 months

Asset Classes.

Residential
Build-To-Rent
Purpose-Built Student Accommodation
Co-Living
Senior Living

Use of Proceeds.

Refinance existing Development Loan
Fund outstanding capex
Capital provision to cover the term of the sales programme
Equity release to support business cash flow
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When does it make sense to use a Development Exit Loan

1
Your project is nearing or reaches completion
2
Your current development loan is close to expiring and your sales programme is only just starting
3
If your sales programme is delayed, a development exit loan will be a cheaper form of finance to support the selling phase
4
If you need to release capital for new projects, an exit loan can free up equity tied up in the current project

Case Study.

Development Exit Loan arranged for Residential Developer in Sussex

Major Obstacles have created a greater need for Development Exit Loans
Over the last decade, developers have faced major headwinds whilst delivering their schemes. Supply chain shocks and planning delays have created delays for many developers. This naturally has a knock-on effect regarding practical completion and the sales programme.

Development Exit Loan arranged for Residential Developer in Sussex
Our client, an experienced developer from the South Coast found themselves six months behind schedule on their sales programme due to long delays on a S.73 application and flooding on parts of the site. The existing development lender had extended once already and wanted to secure an exit.

Impera arranged a development exit loan at 75% LTV. The facility refinanced the existing development loan and provided sufficient time and flexibility for our client to run a sales programme that didn’t require them to discount their units due to time constraints imposed by loan maturity.

Location
Sussex
Asset Class
Residential
Strategy
Value-Add Development
Gross Development Value
£18m
Loan Amount
£13.5m

Benefits of a Development Exit Loan.

Lower Interest Rates

Exit loans typically have lower interest rates than traditional development finance

Extended Sales Period

Dev’ Exit Loans provide developers with additional time to market the property without the higher repayment costs of the original development loan

Improved Cash Flow

By refinancing the original loan with a lower-cost exit loan, developers free up cash-flow

Flexibility

Developers gain flexibility with exit loans, as they can use the extra time to make final touches, conduct additional marketing and even wait for market conditions to improve

Cost-Effective Alternative to Loan Extensions

Developers often extend their development loans but then come under pressure from the same lender regarding the speed of the sales programme. An exit loan is cheaper and provides the developer with the time and space to deliver a successful sales programme.

Avoids Penalties or Defaults

If the developer’s original loan term is about to expire and they have not sold or refinanced, an exit loan helps avoid defaulting on the loan or paying penalties.

Development Exit Loan

Lending Criteria.

Property Types
Apartment Blocks, Student Accommodation, Single Family Houses, Houses in Multiple Occupation
Borrower Types
UK Corporate Borrowing Entities, Partnerships, Individuals
Security
1st Legal Charge over the property, Debenture over the borrower, Personal or Corporate Guarantees, Other security as required
Tenure
Freehold, Long Leasehold

Funding Locations.

Regions
London & Southeast
Midlands
Northwest
Northeast
Major Urban Hubs across the UK
Bristol
Birmingham
Leicester
Nottingham
Sheffield
Manchester
Leeds
Newcastle
Glasgow
Edinburgh
Belfast
Please note, secondary and tertiary locations can be funded.

Funding Process.

Our aim is to simplify the way you fund your real estate projects
Application
Get an idea of the funding you can achieve and receive terms within 24 hours
Indicative Terms
Impera delivers several funding options based on your project's characteristics
Due Diligence
We submit detailed project analyses to support the lender’s underwriting
Credit Approval
Once funding is approved, we move quickly to coordinate the instruction of legal and property professionals
Legal Execution
We establish a funding timeline, facilitating collaborative all-parties calls to support the process

Impera’s Approach
to Capital Advisory

Procurement of Finance
We procure the most competitive development loan solutions and junior capital partners.
Structuring
We take full responsibility for ensuring our client’s development loan reaches a successful completion by adopting a project management approach.
Execution
We approach the deal by assessing and providing advice on the capital stack, not just the required debt.
Capital Advisory
Impera is a long-term capital advisory firm and works alongside property development firms to help them grow over the medium to long term.
In an ever-changing real estate finance market, we realise our client’s time is finite. Impera curates and analyses the best funding solutions for property investors and developers.

Impera is a real estate capital advisory firm that sources, arranges and executes funding across the capital structure for a wide array of clients. We have proudly served our clients for nearly a decade, executing more than £500m across debt and equity solutions.

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The Long-Term Capital Partner

At Impera, we do our best to source the most reliable funding partners for development exit finance. We are data led and carefully assess each lender’s track record and most importantly their capital base.

Development finance is the most complex part of the funding cycle from a risk perspective. Therefore, we place particular emphasis on sourcing collaborative funding partners who understand the complexity of undertaking development projects.

Learn More

Explore Our Extensive Lender Network

At Impera, we work with a vast array of funding partners from clearing banks to specialist lenders and private family offices. Each real estate project is unique, and some require a more tailored solution. Therefore, we take the time to assess as many lenders as we can, so we can deliver the right solution to each funding enquiry.

To receive our research on best-in-class real estate funding solutions, please subscribe to our ‘Market Insights’ bulletin.

Learn About Market Insights

Why Impera?

Development Funding
is all about Execution
Successful development financing requires a systematic approach and a deep understanding of lender processes. We believe, our clients have continued to work with us for the following reasons:

Impera’s
Core Functions

Procurement of Finance
We procure the most competitive development loan solutions and junior capital partners.
Structuring
We take full responsibility for ensuring our client’s development loan reaches a successful completion by adopting a project management approach.
Execution
We approach the deal by assessing and providing advice on the capital stack, not just the required debt.
Capital Advisory
Impera is a long-term capital advisory firm and works alongside property development firms to help them grow over the medium to long term.
Learn About our Approach

Client Testimonials.

Impera have advised Square Bay on all parts of the capital structure, debt and equity. A highly professional team with good technical knowledge.
Will Page
Director
Square Bay
Impera have a really sound understanding of funding ‘Living Sector’ assets. We have been proud to partner with them in recent years.
Archer Bishop
Director
Bristol Bay Capital
Impera have advised Glencar for senior debt capital advisory purposes. The company has a pragmatic and process driven approach to getting things done. We would highly recommend Impera to other property investors without hesitation.
Ricky Levenston
CIO
Glencar Property
Impera have a deep understanding of all parts of the capital stack. I have no hesitation in recommending the company wholeheartedly to anyone looking for advice on funding their next property project.
David Higson
Head of Property
Blackfinch Property
Impera have always gone beyond the call as a broker. Their advice, support and counsel during difficult parts of the process has been immeasurable.
Michael Donkor
Investor
McCapita Investments

Other Real Estate Loans you may be interested in.

01
Bridging Loans
02
Development Loans
03
Residential Investment Loans