FAQs

What is the minimum/maximum GDV?
We have a typical loan value range of £250k to £5 million, although we will consider larger sites if they have a phased development programme.

What parts of the country do you cover?
Being based in Yorkshire, many of our clients are northern. However, we still cover all of England and Wales, with projects having been supported from Devon to Newcastle.

Would you do a Joint Venture loan on a commercial development?
We typically prioritise domestic property development. However, depending on the project, we will consider any development opportunity.

Do I need to provide a personal guarantee?
Probably not; we prefer not to rely on a PG. We do however ask for a reasonable level of security for all loans, commensurate with the loan value.

Who owns the development asset?
Mysing will hold a charge over the asset /development site until the project is finished as a form of guarantee, which is released on completion of the site.

What is the minimum return required to achieve funding?
For Mysing Capital to proceed with a JV partner, we require the project to achieve a minimum of 20% margin on the GDV (after all fees have been paid).

What is the maximum term offered?
24 months is usually the maximum duration.

How long does it take to get an investment decision?
Mysing are able to give a decision in principle within two working days (assuming you have supplied all the necessary information).

How long does it take to get the funds?
Each project is different. However, typically Mysing can process the application, complete the legal paperwork and release funds within 4 weeks.

Do Mysing roll up the interest and costs to the end of the development?
Yes, typically for all JV projects, Mysing roll up all the interest payments. There is no requirements to service the debt until project completion.

How is Mysing Capital funded?
Mysing are the principle funder. We primarily use our own funds and supplement this with additional High Net Worth and Institutional investment.

Can I invest with Mysing Capital?
Potentially yes. Mysing are the principle funder. However, if you would like to enjoy the benefit of a property development investment managed by a professional team please speak to our investment team.