Whether you are undertaking an extension to your house, a conversion from offices to individual flats, or a brand new development of houses or apartments, we are able to assist in the financing of your project.
Masthaven is able to fund most of the initial purchase of the property and we can help (with the help of additional security) provide ongoing finance during the period of the construction phase. We liaise closely with our surveyors and solicitors to ensure that you do not have to worry about the financial aspects of the building project, allowing you to carry on with the building process in the knowledge that the financial side is taken care of.
With many years of experience in this type of development funding, we understand the complexities of property transactions and can advise you on the type of bridging loan you require. This will cover aspects ranging from the required period of the funding to the interest charges and how you wish to service the bridging loan eg payment of interest during the bridging period, deduction of interest at the drawdown stage of the bridging loan or alternatively rolling the interest to the end of the bridging loan period.
As you will be speaking to the actual decision makers here at Masthaven, you will receive a swift answer to your queries and a decision regarding your funding. We therefore have an advantage over the High Street banks in terms of giving you a quick decision and being able to finance projects which could not secure bank funding. At Masthaven we will strive to find you a funding solution for your development.