CBILS extended until November 30th and now available for property developers
Exel finance have helped house builders and property developers in the last few months and they can help you
They have access to lenders offering multiple CBILS funding lines for property developers. Funds are still available but will run out quickly so apply now.
These loans can be used for the start of a build and also for finished properties i.e. a marketing bridge. The loans are quite specialised but can be considered for all eligible applicants who have been adversely impacted by the pandemic.
- Interest for the first 12 months is paid by the Government – thus 0%.
- All lenders fees and legal fees are also paid by the Government.
- The only initial cost is a 1% broker fee normally added to the loan.
This is an unprecedented opportunity for developers. Existing development or bridging finance can be replaced with finance that will not cost anything for 12 months.
To find out if you are eligible contact them by email, phone or simply complete the enquiry form.