We’ll arrange your Development Exit Finance fast; with exceptional service

We get you great deals on pricing becasue we use all types of lender

We act fast to secure your funding. No excuses, no nonsense

Get exceptional service from your dedicated broker who will tailor your solution

We’ll arrange your Development Exit Finance fast; with exceptional service

We get you great deals on pricing becasue we use all types of lender

We act fast to secure your funding. No excuses, no nonsense

Get exceptional service from your dedicated broker who will tailor your solution

CBILS Development Finance

We can arrange access to CBILS property project funding, where the government pay your set up fees and interest costs for the next 12 months if you’ve been affected by Covid-19

Loan Features
  • Maximum 70% LTV.
  • A rate of 0.55% per month across all LTVs – paid by government for first 12 months.
  • 1% arrangement fee – paid by government. 
  • Interest charge for the first 12 months, arrangement and professionals fees may be paid by the government.
  • Loans greater than £500k but below £5m.
  • Loan terms up to 24 months.
You may qualify if Covid-19 has meant that...
  • Your project is delayed, so you need more time to finish.
  • You have incurred additional or unexpected costs.
  • You need more time to find buyers for your development.
  • You’ve decided to rent your development rather than sell the units.
  • Your business requires additional funding for operations or investments.
Eligibility Criteria

To be Eligible for a CBILS facility borrowers must meet strict eligibility criteria:

  • SME borrower must have been impacted by CV-19 and not be in an excluded sector.
  • SME borrower must have a viable business proposition ignoring short to medium term concerns arising from uncertainty due to CV19.
  • The borrower must be a SME – includes related or partner enterprises.
  • SME turnover must be less than £45m – includes related or partner enterprises.
  • SME must generate >50% of turnover from trading.
  • SME must be trading in the UK and the facility is to support UK commercial activity.
  • SME must not be an undertaking in difficulty at 31 Dec 2019. This includes businesses who have accumulated losses greater than 50% subscribed share capital. Reference will need to be made to statutory accounts.
  • The facility must be within scheme terms:
    – the max amount of the facility must be determined by the lender to be
    – Double the annual wage bill for 2019; or
    – 25% of turnover in 2019; or
    – Self certification of liquidity needs for the next 18 months – this is the most likely to apply to UTB property customers.Whilst self-certified we will take steps to assess that a reasonable approach has been taken and record our conclusions
  • The CBILS facility must be used for an eligible purpose.
How it works and overview of the government scheme:

Overview 

The Coronavirus Business Interruption Loan Scheme (CBILS) is a UK government guarantee scheme established in March 2020 with the aim of assisting SMEs to access finance during the Coronavirus (COVID-19) pandemic. 

The CBILS guarantee is provided by the UK government to us (the lender) and not to you (the borrower). 

It enables us (the lender) to provide you (the borrower) with funding that we (the lender) might otherwise have been unable to provide, due to the Coronavirus (COVID-19) pandemic liability.

The provision of the CBILS Guarantee does NOT remove any of your (the borrower) liability for repaying your (the borrower) CBILS-supported facility (nor, if applicable, does it reduce the liability of any personal guarantor of the CBILS-Supported Facility). 

In the event of you (the borrower) defaulting on your (the borrower) loan repayments (for example, failing to make specific repayments as and when they fall due), we (the lender) are entitled to seek to recover the full amount outstanding from you (the borrower). 

Any monies received by us (the lender) under the CBILS guarantee does not reduce your (the borrower) liability in any way. 

Helping you to Xcel

Lend up to 80% of your Development Value

Loans from £50k to £100m

Release capital to finish the project, or invest in future projects

All mainland UK sites 

No upfront fees 

Adverse credit accepted 

Rates from 0.44% per month

2nd charge & mezzanine available 

What is Development Exit Finance used for?

• Cash to finish a project 

• Extend the time available to sell properties

• Raise capital for other projects

• Refinance existing loans, for better rates

Why Xcel?

We created Xcel Finance for property professionals who expect more from their finance broker. We help clients deliver meaningful projects all across the UK, and we create great relationships along the way. We promise that working with us, you’re setting your project up for success.

Get in touch

Whether you’re an experienced property developer or planning your first project, our specialists are the best there is at sourcing, negotiating and delivering an excellent finance deal for you.

“Jamie made the process easy and supported us through the whole thing.  No challenge was too big and there was always a way through, around or over.  Thanks for your help it made a huge difference.  We would definitely recommend Excel Finance. 

Matthew | Property Developer | South Wales

” Excellence” The only word for Xcel Finance.

From start to finish Jamie couldn’t be more helpful. Every step explained and executed with professionalism and precision. Finding the best solution for our finance was amazing. With Jamie’s knowledge he fills you with confidence you can achieve your goals.

We can’t recommend Xcel Finance enough.

Terry & Kathy | Brighton | First Time Property Investors

Excellent Exceptional Xcel. Jamie exceeded all expectations with such a cool and calming caring understanding nature, We were definitely an exception to the rule.

We cannot thank him enough for finding funding that has allowed us to finish a very special restoration of a listed building, (grand design dilemma, bank won’t lend money, owners despair)

He is forever in our thoughts, and has restored my faith in the whole financial world, I thought they were all against me, and was petrified of losing our home and all our efforts. Back to work, house to restore and get ready for sale. 

Carol & Kevin | Gloucestershire | Bridging Finance Clients

“I was amazed how quickly they were able to get my funding in place.  Great service. Would highly recommend Xcel Finance.”

Carol | Gloucestershire | Bridging Finance Customer

“Jamie made the process easy and supported us through the whole thing.  No challenge was too big and there was always a way through, around or over.  Thanks for your help it made a huge difference.  We would definitely recommend Excel Finance. 

Matthew | Property Developer | South Wales

” Excellence” The only word for Xcel Finance.

From start to finish Jamie couldn’t be more helpful. Every step explained and executed with professionalism and precision. Finding the best solution for our finance was amazing. With Jamie’s knowledge he fills you with confidence you can achieve your goals.

We can’t recommend Xcel Finance enough.

Terry & Kathy | Brighton | First Time Property Investors

Excellent Exceptional Xcel. Jamie exceeded all expectations with such a cool and calming caring understanding nature, We were definitely an exception to the rule.

We cannot thank him enough for finding funding that has allowed us to finish a very special restoration of a listed building, (grand design dilemma, bank won’t lend money, owners despair)

He is forever in our thoughts, and has restored my faith in the whole financial world, I thought they were all against me, and was petrified of losing our home and all our efforts. Back to work, house to restore and get ready for sale. 

Carol & Kevin | Gloucestershire | Bridging Finance Clients

“I was amazed how quickly they were able to get my funding in place.  Great service. Would highly recommend Xcel Finance.”

Carol | Gloucestershire | Bridging Finance Customer

Find out more about Development Finance

Can I get finance for my first project?

Yes. There’s always a way that we can get a loan set up, so long as the proposed project makes sense.  First time developers may need to use a fixed price build contract, and/or use an experienced project manager to help; but it’s worth getting in touch to discus the best approach for your project.

How much can I borrow?

Traditional development finance will cover up to 90% of your total costs, and/or up to 70% of your ‘Gross Development Value’.  If you require more funding than this, then we do have profit share options available, whereby you could have all of your costs covered.

Can I do the work myself?

So long as you have experience of completing similar projects, then this won’t be an issue.  If it’s your first project, or if it’s an increase in project size then there will be some areas we may need to look at such as

Can I re-finance an existing loan?

Yes, whether you need to borrow more than originally planned on a project (using Mezzanine Finance), or if your current finance is coming to an end (Development Exit); we’ll be able to re-finance your project.

What costs are involved?

The upfront costs that should be budgeted for are typically a valuation report on the property/project, and for legal costs (for you and the lender).  Any other costs involved such as arrangement fees can be added to the loan so don’t need to be budgeted for up-front.

Can I apply to a lender direct?

Historically, your bank may have offered you a loan for property development.  In today’s climate, there are a variety of complex factors to consider when choosing the correct lender.  Although some lenders may accept direct applications, we’d suggest working with a broker who can choose the right lender for you.  You’ll be secure in the knowledge that you don’t run the risk of funding falling through, and that you’re getting the best deal. 

Still unsure if Bridging Finance is right for you? Talk to one of our advisors today and we will clear up any concerns or questions you may still have. 

Talk to an expert Broker today

01276 586 377

Ask us a question

Talk to an expert Broker today

01276 586 377

Ask us a question

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