Compare senior debt, mezzanine, and stretched senior from specialist UK lenders serving Exeter and South West England businesses. Matching begins after you apply; a soft credit check may be used for matching.
Rates
From 6.5% p.a.
Senior, mezzanine, or stretched
Amounts
£150k - £25M+
Speed
2-6 weeks
Exeter
10k
businesses
Explore business funding options through Fundably
For UK limited companies with 3+ months’ trading and monthly revenue.
Development finance is specialist lending for property development projects, new builds, conversions, refurbishments, and renovations. Unlike standard mortgages, funds are released in stages as the build progresses, and repaid when you sell the completed units or refinance.
You apply with your project plans, planning permission, build costs, and a projected Gross Development Value (GDV). The lender values the site, assesses the project, and if approved, releases an initial tranche for site acquisition. Further drawdowns follow at agreed construction milestones, foundations, first fix, second fix, completion.
The primary development loan. Up to 65-70% LTGDV and 70-85% LTC. Rates from 6.5% per annum.
Fills the gap between senior debt and your equity. Up to 90% LTC. Rates from 12-18% per annum.
Combined senior + mezzanine in one facility. Up to 85% LTC. Rates from 8-12% per annum. Simpler structure.
Borrow £1,000,000 at 8.5% over 18 months. Total repayable: ~£1,127,500. Your rate depends on your circumstances.
Ready to compare development finance in Exeter?
For UK limited companies with 3+ months’ trading and monthly revenue.
Exeter punches well above its weight economically for a city of its size, functioning as the administrative, commercial, and cultural capital of the South West beyond Bristol, with a strong professional and public services base centred on the county council, NHS, and University of Exeter. The city has a growing reputation for environmental and climate science research through the Met Office headquarters and associated university research centres, making Exeter an emerging hub for clean technology and environmental consultancy. Exeter's quality of life, cathedral city heritage, and strong connectivity via the M5 and mainline rail make it consistently one of the UK's most desirable locations for professional and knowledge-economy businesses. With 10k registered businesses across South West England, Exeter has strong demand for competitive development finance.
Funding availability depends on the business and finance required in the South West England area. Whether your Exeter business needs ground-up residential development or commercial to residential conversion, lenders assess each application individually.
Several specialist lenders on our panel work with Exeter businesses that have imperfect credit histories. Fundably may use a soft credit check for matching, which does not affect your credit score. A hard check may happen if you choose to proceed with a lender. Check your options when you apply.
Explore business funding options through Fundably
For UK limited companies with 3+ months’ trading and monthly revenue.
Explore business funding options through Fundably.
Explore FundingFor UK limited companies with at least 3 months’ trading and monthly revenue.