Compare senior debt, mezzanine, and stretched senior from specialist UK lenders serving Sunderland and North East 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
Sunderland
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 Sunderland?
For UK limited companies with 3+ months’ trading and monthly revenue.
Sunderland is a city in economic transformation, with its automotive manufacturing base anchored by the Nissan plant at Washington, the UK's largest car manufacturing facility, which produces around 400,000 vehicles annually and supports a substantial local supply chain of component manufacturers. The city has attracted significant digital and business process outsourcing investment, with its Software City and BEAM (Business & Enterprise at Monkwearmouth) initiatives establishing a growing technology and services sector. Sunderland offers some of the lowest commercial property costs of any major UK city, making it an attractive location for businesses seeking cost efficiency while maintaining access to the North East's skilled workforce. With 10k registered businesses across North East England, Sunderland has strong demand for competitive development finance.
Funding availability depends on the business and finance required in the North East England area. Whether your Sunderland business needs ground-up residential development or commercial to residential conversion, lenders assess each application individually.
Several specialist lenders on our panel work with Sunderland 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.