The development loan is running out
The build is done but the units have not all sold, and the facility is approaching term or default pricing.
Development exit
Development exit finance
Development exit finance replaces a development loan once a scheme is finished or close to finished, usually at a lower rate and a higher loan to value. It takes the pressure off the sales period and can release some of the profit before the last unit sells.
Whole case packaged for you
Fees disclosed upfront
Brokers, not a lender
Get an indicative quote
Step 2 of 8What’s the bridge for?
This tells us which lenders will look at it.
When it is used
Situations we see most often
Sales need more time
A slower market means holding for the right price rather than discounting to meet a lender’s deadline.
Capital is needed for the next site
Releasing equity from a finished scheme to fund the deposit on the next one, before the final unit completes.
Who it suits
- Developers whose scheme is complete or has reached practical completion
- Developers facing extension fees or default interest on an existing facility
- Anyone holding finished units in a slow sales market
- Developers who want to release profit early to start the next project
| Typical terms | Indicative range |
|---|---|
| Term | Typically 6 to 18 months |
| Maximum gross LTV | Often higher than the development facility it replaces |
| Rate | Usually materially cheaper than development finance pricing |
| Stage | Available at or near practical completion; some lenders will go earlier |
| Part release | Units released individually as they sell, against agreed release prices |
| Exit | Sale of the units, or refinance onto buy-to-let where units are retained |
Indicative ranges based on typical specialist market terms. Your actual terms depend on the property, your circumstances and the lender the case is placed with.
How Amram handles it
What we actually do for you
We are brokers. We do not lend our own money — we package your case and place it with the lender most likely to fund it, then manage it to completion.
The conversation
We look at the scheme, where it has reached, what is sold, what is under offer and how long the remaining sales realistically need.
Packaging
We package the building control sign-off, warranties, the sales evidence and the current lender’s redemption position.
Lender sourcing
We approach lenders who price development exit keenly and can release units individually as they sell.
Valuation and legals
We coordinate the valuation of the completed units and manage the redemption of the existing facility.
Completion and exit
The new facility completes, the development loan is repaid, and units are released as they sell.
What you’ll need
Have these ready and it moves faster
The single biggest cause of delay is a case assembled as it goes. We will ask for these at the start so the file is lender-ready before it is submitted.
- Building control completion certificate and any warranties
- A redemption statement from the existing development lender
- Sales evidence: units sold, under offer, and agent’s current appraisals
- The scheme’s final cost position against the original appraisal
- Details of any retained units and their intended use
- Company accounts and the development CV
Situations
Does one of these sound like you?
Illustrative situations rather than client case studies — the kinds of enquiry this market sees, and what usually works in each.
“My scheme is finished but the units are not selling and the loan is due”
Practical completion is done, some units are sold, and the development facility is approaching term.
What usually works“I won at auction and my mortgage lender has pulled out”
The hammer fell, the deposit is paid, and the lender has just withdrawn on condition or valuation.
What usually works“The property I bought is unmortgageable in its current state”
No kitchen, no bathroom, structural issues or a short lease — the high street has declined on condition.
What usually worksQuestions
Frequently asked
When can I arrange development exit finance?
Usually at practical completion, once building control has signed the scheme off. Some lenders will consider a scheme that is very close to completion, but the closer it is to finished the better the terms.
Is it cheaper than development finance?
Generally yes. The construction risk has gone and the lender is secured against finished, saleable units, so pricing is closer to standard bridging than to development lending.
Can I release profit before all the units sell?
Often. Because development exit typically runs at a higher loan to value than the development facility it replaces, the difference can release capital — which is frequently the deposit for the next site.
How are individual unit sales handled?
Each unit has an agreed release price. When it sells, that amount redeems part of the facility and the unit is released from the charge. It is worth agreeing realistic release prices at the outset.
What if my development loan is already past term?
Act quickly. Default interest on a development facility is expensive, and a refinance is usually far cheaper than letting it run. Lenders will want to understand why the original exit slipped.
Can I keep some units and sell others?
Yes. A common structure is to sell enough units to repay the facility and refinance the retained ones onto buy-to-let mortgages. We arrange both sides so they complete together.
Keep reading
Related pages and guides
Development finance
Staged funding for ground-up builds, conversions and heavy refurbishment.
View pageBuy-to-let mortgages
Single properties, HMOs, limited company structures and portfolios.
View pageRefinance bridging
Replace an existing facility or release equity quickly.
View pageBridging vs Development Finance: Which Do You Need?
The real dividing line between a bridge and a development facility, how each is drawn down and priced, and which one your scheme needs.
Read the guideBridging Loan Exit Strategies Explained
Sale, refinance or something else: how lenders underwrite your exit, what evidence they want, and what happens if the exit slips.
Read the guideBridging loan calculator
Work out the gross loan, LTV, interest and every fee before you speak to anyone.
Open the calculatorTalk the deal through
Free deal review by a specialist. We will tell you what is achievable, what it is likely to cost and what the lender will want to see.
Amram Finance Ltd is a credit broker, not a lender. We do not lend our own money and we do not approve or issue loan offers.
Your property may be repossessed if you do not keep up repayments on a loan secured on it. Some forms of bridging finance and buy-to-let lending are not regulated by the Financial Conduct Authority.