Joint Venture and/or Development Finance

Mysing Capital offer joint venture funding that provides developers with up to 100% of the development cost and site acquisition. Alternately Mysing can offer you simple straightforward Development finance, providing the LTC does not exceed 70%.

Mysing typically invest in the development within an SPV (Special Purpose Vehicle) or through a profit share agreement. Typically, Mysing would request the developer to provide guarantees on cost overruns in order to protect both parties’ interests.

Typical loan criteria include

• Rates: From 1.0% pcm, depending on the JV structure & LTC ratio
• Loan value: From £250k – £5m
• Loan term: 6 to 24 months
• Developments: Houses, flats, new build, conversions, office to residential and property with a commercial aspect considered
• Site location: England and Wales
• Borrower: Property developer / house builder with established track record
• Other Fees: Loan set up, valuation, legal, monitoring surveying fees
• Planning: Sites to have outline planning in place

If you would like to progress an application please contact one of our consultants via the Contact Us page. Our entire process is quick, easy and transparent with no upfront fees.