Development Finance in Richmond upon Thames

We arrange the full range of development finance products for schemes in Richmond upon Thames, including senior development loans from 6.5% per annum, stretch senior facilities at 65-75% LTV, mezzanine finance to reduce your equity requirement, JV equity partnerships for 100% funding, development exit finance from 0.55% per month, and specialist permitted development finance for conversion projects. Each product can be tailored to the specific characteristics of your Richmond upon Thames scheme.

Borrowing capacity for developments in Richmond upon Thames depends on the gross development value of your completed scheme, total project costs, and your track record. Senior debt facilities typically cover 55-65% of GDV. With average values in Richmond upon Thames at £600 - £1,200 per sq ft, a typical residential scheme could support facilities ranging from £500,000 to £50 million or more. Adding mezzanine finance can take total leverage to 85-90% of costs, significantly reducing your equity contribution.

Richmond upon Thames is positioned as a premium london market with average residential development values of £600 - £1,200 per sq ft. Key development hotspots include Richmond, Twickenham, East Sheen, Kew, Barnes, Teddington. Values vary significantly depending on the specific location, property type, and quality of specification. Our team can provide detailed comparable evidence analysis for your specific Richmond upon Thames development site.

We can typically issue indicative terms for a Richmond upon Thames development within 24-48 hours of receiving your fully packaged enquiry. The full funding process from initial enquiry to completion and first drawdown takes 3-6 weeks for straightforward senior debt facilities. More complex structures involving mezzanine or JV equity may require additional time. Our established relationships with lenders active in Richmond upon Thames enable us to accelerate timelines wherever possible.

Yes, we regularly arrange finance for permitted development conversions in Richmond upon Thames and across London. PD schemes converting offices, commercial buildings, and other properties to residential use under Class MA and other prior approval routes are a significant part of the Richmond upon Thames development landscape. Our specialist PD lenders understand the unique characteristics of conversion projects and can offer competitive terms from 7% per annum.