Southern Funding enjoys an unrivalled position as a market leader in property finance with an enviable reputation for providing creative financial solutions for the property industry.

Based in Central London, we have established our reputation internationally by our ability to achieve results. Over the past 10 years, working closely with British, European and International lending sources, we have forged lasting relationships at the most senior level.

Purpose

• Purchase or refinance for individuals, partnerships, established companies or SPV’s (Single Purpose Vehicles), incorporated either in the UK or off-shore.
• Development of residential property
• New build, conversion, refurbishment

Purpose
      Houses, Bungalows, Flats, Maisonettes

Maximum loan to value

	Land		75% of purchase price/valuation
	Construction		75%, or up to 100% of construction costs, with a correspondingly lower site loan
	Interest		Accrued and repaid from sales
	Property Finance Partnership Limited, our mezzanine and equity finance sister company, is often able to increase these facilities to 90% of cost or by Joint Venture to 100% of cost.

Security
      Usually:

• First Legal Charge over the Freehold/Leasehold property
• Floating Charge over the Company
• Corporate or Directors' Guarantees for an agreed sum

Period
      6 months - 2 years

Security
      Interest

• Base Rate or LIBOR plus 1.5% - 2.0%
• Accrued and repaid out of sales proceeds

Loan size
      Minimum £250,000
      No maximum

Indicative Terms: These terms should be treated as an indication only and each transaction will be considered individually and, wherever possible, structured to satisfy the Borrower's ambitions.

Information: Please send copies of the documents listed below, or arrange an exploratory meeting with us:

• Appraisal and Cash-flow Forecast
• Site/Location Plan
• Plans and Elevations
• Specification
• Planning Permission, Listed Building Consent, Section 106 Agreement
• Detailed Marketing Report including information on location, transport, services and comparables

Interest rate report
 Click here to view our Interest Rate Report incorporating up to date interest rates and other important data for those engaged in property investment and development

Recent Loans
 For examples of recent transactions click here

Contact
 Click here for details of the Development Finance Team