Development Finance in Westminster

We arrange the full range of development finance products for schemes in Westminster, 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 Westminster scheme.

Borrowing capacity for developments in Westminster 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 Westminster at £1,000 - £2,500+ 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.

Westminster is positioned as a premium london market with average residential development values of £1,000 - £2,500+ per sq ft. Key development hotspots include Mayfair, Marylebone, Victoria, Paddington, Pimlico, St Johns Wood. 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 Westminster development site.

We can typically issue indicative terms for a Westminster 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 Westminster enable us to accelerate timelines wherever possible.

Yes, we regularly arrange finance for permitted development conversions in Westminster 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 Westminster development landscape. Our specialist PD lenders understand the unique characteristics of conversion projects and can offer competitive terms from 7% per annum.