Development exit finance is a short-term bridging loan solution for property developers, used to repay a development finance loan. This bespoke bridging product provides property developers with the breathing space to find buyers or finish minor development works, such as internal refurbishments. It is also often known as a developer exit loan.
Development exit finance is flexible and adaptable and could potentially:
- Release equity
- Reduce financial stress and cost
- Relieve the pressure of deadlines and provide more time to sell the new assets