Developer Finance 

Developer Finance 

Newgen Homes Ltd is just a call away for assistance when mainstream finances for your property or development is unavailable. 

Our team aims to provide you with the most suitable finance solution within the timeline that you require. 

WHAT IS BRIDGING FINANCE? 

Whenever you need a short-term loan for a property purchase or for a property development, a bridging loan may be what you require. This is particularly the case when mainstream finance lenders cannot currently fully support your venture. Under what circumstances can you use bridging finance? 
Property development or refurbishment before proceeding to place it for sale in the market or refinancing 
You are unable to access mainstream lenders 
Short-term cashflow 
You require fast funds for a quick property transaction 
Broken chain or chain break 
You do not want to undergo the lengthy, stretched out processes with traditional lenders 
WHAT CAN NEWGEN HOMES LTD OFFER? 
Bridging finance is a quick, efficient financial method that is reliable and relatively fast to arrange. Before contracting into development finance, Newgen Homes Ltd aims to help you understand every benefit and each potential risk. 
 
 
In addition to offering support and assistance, we also regularly provide: 
Quick bridging loan offers 
Flexibility in terms 
Competitive interest rates 
Quick bridging loan offers 
Flexibility in terms 
Competitive interest rates 
FAQ ON BRIDGING FINANCE 
Here are the most common types of questions we receive on development finance: 
What property types do you lend on? 
Newgen Homes Ltd can help process and facilitate bridging finance on: 
 
Residential Properties 
Commercial Properties 
Mixed Residential & Commercial Properties 
Land Estates 
What is the estimated time of turnaround? 
Generally, Newgen Homes Ltd can provide and expedite the lend that you require in less than 2 weeks, depending on the case and circumstance of your property and any further requirements. Some loans often take only take a few days, or within a week. 
How can I repay a bridging loan? 
Aside from the transaction specifics, the most common question asked is the terms of 
repayment, or the loan exit. Generally, it will depend on the terms agreed upon. However, 
usual options are the following: 
 
a. Property Sale 
Your development finance or bridging loan will be repaid by the sale proceeds of the property you intend to sell. 
 
b. Sale of Assets 
Your loan will be repaid by the sale proceeds of other assets, such as another property, businesses, stocks, or shares. 
 
c. Refinancing 
Your bridging finance will be shouldered and repaid by another lender, and you will enter into a separate contract with them. 
What are the Additional Costs? 
There will be no exit fees or early redemption costs. The agreed arrangement fees for Newgen Homes Ltd will be deducted from the loan amount. The only additional fees that may be subject to change are legal and valuation costs, which vary and depend on the requirements of your property and your contract. 
Are there Potential Risks? 
The only risk that may exist involve the possibility of not being able to repay the loan. This will further lead to penalties and additional costs, charges, and put security at risk which should be completely avoidable depending on your exit strategies. 
 
In any case, be assured that Newgen Homes Ltd will help you explore all the possibilities that may aid your venture and your financial position. 
What property types do you lend on? 
Newgen Homes Ltd can help process and facilitate bridging finance on: 
 
Residential Properties 
Commercial Properties 
Mixed Residential & Commercial Properties 
Land Estates 
What is the estimated time of turnaround? 
Generally, Newgen Homes Ltd can provide and expedite the lend that you require in less than 2 weeks, depending on the case and circumstance of your property and any further requirements. Some loans often take only take a few days, or within a week. 
How can I repay a bridging loan? 
Aside from the transaction specifics, the most common question asked is the terms of repayment, or the loan exit. Generally, it will depend on the terms agreed upon. However, usual options are the following: 
 
a. Property Sale 
Your development finance or bridging loan will be repaid by the sale proceeds of the property you intend to sell. 
 
b. Sale of Assets 
Your loan will be repaid by the sale proceeds of other assets, such as another property, businesses, stocks, or shares. 
 
c. Refinancing 
Your bridging finance will be shouldered and repaid by another lender, and you will enter into a separate contract with them. 
 
d. What are the Additional Costs? 
There will be no exit fees or early redemption costs. The agreed arrangement fees for Newgen Homes Ltd will be deducted from the loan amount. The only additional fees that may be subject to change are legal and valuation costs, which vary and depend on the requirements of your property and your contract. 
 
e. Are there Potential Risks? 
The only risk that may exist involve the possibility of not being able to repay the loan. This will further lead to penalties and additional costs, charges, and put security at risk which should be completely avoidable depending on your exit strategies. 
 
In any case, be assured that Newgen Homes Ltd will help you explore all the possibilities that may aid your venture and your financial position. 
What are the Additional Costs? 
There will be no exit fees or early redemption costs. The agreed arrangement fees for Newgen Homes Ltd will be deducted from the loan amount. The only additional fees that may be subject to change are legal and valuation costs, which vary and depend on the requirements of your property and your contract. 
Are there Potential Risks? 
The only risk that may exist involve the possibility of not being able to repay the loan. This will further lead to penalties and additional costs, charges, and put security at risk which should be completely avoidable depending on your exit strategies. 
 
In any case, be assured that Newgen Homes Ltd will help you explore all the possibilities that may aid your venture and your financial position. 
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