Commercial Property Finance
To turn a bare site into finished and sold homes, you might need to secure finance on more than one occasion, i.e. acquisition finance, development finance and/or exit finance.
On each of these occasions, your lender will require security over the site and they will want to check that all is in order, such as title, planning, regulatory compliance, and so on, before agreeing to advance the money.
That’s not a straightforward process, and our experienced commercial property solicitors can help you to anticipate what your lender may require.
If our commercial property team have already been helping you with the development, it puts us in an excellent position to handle the refinance, as we have the bulk of the information and documents on file already.
Lenders often require a developer’s directors to give personal guarantees to back up the security over the land. The lenders require that an independent lawyer certifies that the director has been advised on the guarantee, and we can advise directors and give these certificates.
How we can help
If you’re a developer and have questions about financing or refinancing a site, or a personal guarantee, our solicitors are here to help.