Regentsmead has launched a range of development finance products aimed at developers and investors taking on new build, conversion and refurbishment projects.
The products, which offer a range of term lengths, are available at lower interest rates including a nine month product with a monthly interest rate of 0.75% and a 2% redemption fee, a 12-month product at 1.25% subject to a 1% redemption fee and a 15-month offering with a rate of 1.35% with a 1% redemption fee. All products come with a 2% commitment fee.
It’s a very exciting time here at Regentsmead and demand for the new range of development finance options appears to be excellent,” said Regentsmead’s head of lending, Ashley Ilsen.
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