Here at Moody Venture Capital we have a wealth of experience, so why no get in touch and see how we can help with your next project
Moody Venture Capital LLP provides property development finance for residential property development schemes, within a significant area of the UK where planning permission has been obtained for new build construction projects.
We will provide up to 65% against Gross Development Value which would normally equate to 80%+ of the costs involved in the property development project – dependent upon margins. There are many areas of the country where we will offer property development loans. Although London, Essex, Kent, Surrey, Sussex and the Home Counties are our preferred area of housebuilding development finance.
Lending rates are scaled according to the percentage required by the housebuilder/property developer. Where we are providing the senior debt, we may consider bridging loans or stretched senior loans in some circumstances.
We have a straight forward operational structure where all evaluations and decisions are made in-house. We take a flexible approach to property development funding and would typically offer an in principle decision within 48 hours.
FAQs
Where do you lend?
Most of England and Wales – Unfortunately ont Scotland or Ireland
What do you fund?
Principally residential property development but may consider schemes with a small element of commercial use
Minimum Loan?
£500,000 – for more local schemes
Maximum Loan?
Up to £4,000,000
What security do you require?
Loans are secured by a first legal charge, a Company Debenture and Personal Guarantees if lending to a company
Would you lend to inexperienced developers?
MVC will consider inexperienced developers if they have an experienced builder. In these circumstances we will need to consider the builder’s experience carefully
Broker Fees
Broker fees are accommodated – Please call to discuss
Percentage of build / construction costs?
Generally MVC provide up to 65% of Gross Development Value ( GDV) but may be able to extend this based on the overall structure of the deal. Depending on the specific deal this will usually mean we fund 100% of the build cost and fees and pay a contribution towards the land cost
Would you consider a chequered credit history?
We will consider but require full disclosure in order to make an informed decision