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Frequently asked questions

What type of property development does Garhill Capital consider funding?

Garhill Capital will finance residential, commercial or mixed use schemes, whether pre-sold or speculative. We will also consider backing projects seeking planning permission where the applicant can demonstrate a clear alternative option to repay the loan and fees if planning is not forthcoming.

How much will Garhill Capital lend?

Garhill Capital are principal lenders and will loan directly to selected property developers the shortfall between the total capital required for the project and the senior debt loan available from traditional lending sources. Typically most high street banks will provide 70% to 75% of the total development costs. Whilst we are happy to work with any senior lender we can also provide access to senior debt lenders who can provide even higher levels of leverage.

Will Garhill Capital work with my senior lender?

Garhill Capital is not owned by a bank and as such is happy to work with the senior lender of your choice. We have worked with most of the main commercial lenders in the UK and will work with our clients to achieve the right financial package for their particular scheme.

How do I make an application for funds?

The best starting point is to get in touch with us for an informal discussion about the proposed scheme and your funding requirements. After this, we will typically require the following information to take matters further:

• A brief overview of the scheme (including type of units, number of units, location etc.)
• Development appraisal
• Scheme drawings
• Timeline highlighting the anticipated build and sales period
• Supporting market information and projected sales

How quickly can you make a funding decision?

This often depends upon how quickly we can gather the above information. In most cases, we will make a decision in principle within 24 hours of receiving these documents.

If my application is successful, how quickly can I expect to receive the funds?

We will do our very best to fit in with your timescales. From formal acceptance of our terms, finance will typically be available in 4 to 6 weeks.

How do you monitor projects?

We know that the developer is the expert during the construction and sales period. Naturally, however, like to see how the funds are employed and will typically visit the schemes we finance each quarter. In every case, we request a copy of each drawdown report in order to be kept informed of progress.

What's the cost?

The cost of our funding package varies from scheme to scheme, based upon the size of the loan, length of term, project risks, security and any equity contribution from the developer. We pride ourselves on being flexible and, unlike several of our competitors, do not insist upon a 50% share in the profits. In each and every case, our product is tailored to the circumstances of the project and requirements of our client.

We are no longer offering loans.

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