Land & planning

Used to help investors, developers, private builders or self build projects move quickly; once a site has been identified with planning permission or planning potential is in place.

Take for instance that your client’s bank is unable to provide funding as the property is not producing any rental income or is just too speculative.

Or the client is able to purchase vacant premises and following completion, wishes to submit a planning application.

As specialists in recognising the potential of development sites, we are able to structure short-term loans to finance acquisitions pending a change in planning permission.

Once the value of the site has been increased by the planning enhancement, the client is then able to re-finance the site through normal high street lenders, develop out or sell off to a developer.

Criteria

• Market Value
• 70% LTV
• Commercial
• Residential
• Planning Gain
• Residential Zoned Areas
• Multiple properties
• Development Property
• Brownfield Sites

Case Study
An experienced and locally known property developer found a farm with cottages, outbuildings and 9 acres of land, which he knew it had not met its’ full potential.

The current owners agreed on at a slightly reduced price but the client still did not have the full funds required. He was referred to Catalyst where we assessed the potential and then found a solution.

The vendor agreed to the new deal structure and the funds were available within days. The client has now found another developer who is willing to build out the project once enhanced planning has been agreed. In all, the client has made a substantial gain on his initial investment.

It is advisable to use a specialist property lawyer in cases where bridging is necessary and to provide all the relevant documentation as quickly as possible. This is to ensure that timescales are met and any potential problems spotted as early in the process as possible.