Compare senior debt, mezzanine, and stretched senior from specialist UK lenders serving Leicester and East Midlands 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
Leicester
22k
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 Leicester?
For UK limited companies with 3+ months’ trading and monthly revenue.
Leicester is one of the UK's most ethnically diverse cities and a significant manufacturing and distribution hub, with a long-established textiles and fashion industry that today includes both traditional garment manufacturing and growing e-commerce fulfilment operations. The city's food manufacturing sector is substantial, with major producers operating across the wider Leicestershire area, complemented by strong retail and logistics businesses benefiting from Leicester's central UK location. De Montfort University and the University of Leicester contribute to growing life sciences and digital sectors, with the Leicester Biomedical Research Centre supporting health innovation activity. With 22k registered businesses across East Midlands, Leicester has strong demand for competitive development finance.
Funding availability depends on the business and finance required in the East Midlands area. Whether your Leicester business needs ground-up residential development or commercial to residential conversion, lenders assess each application individually.
Several specialist lenders on our panel work with Leicester 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.