DEVELOPERS

Created by Developers for Developers

As property professionals, we understand your businesses and the complexities of residential property development, which is why we are here to be true long-term development funding partners rather than just “tick box” lenders.

Successful property developments need to have the right team in place. By working with Hilltop, you will have a group of seasoned professionals backed by Round Hill Capital, a leading global real estate investment management firm with a focus on macro-driven residential real estate investment strategies.

“As banks continue to retreat from development lending due to more stringent regulatory capital requirements, it can be difficult for smaller developers to secure enough Senior, Mezzanine and Equity in a timely and cost-effective manner.”

- Tiger Craft, Partner and CFO, Hilltop Credit Partners

Funding Parameters

Hilltop Credit Partners provides attractive development funding solutions to established residential housing developers for the purchase of land and the construction of new housing.

Each application is assessed and negotiated on its individual merits, but the following general indicative criteria will apply:

Borrowers: Established small to mid-sized residential property developers and house builders with demonstrable track records of building and selling residential developments

Developments: Mainstream housing and alternative residential accommodation, including student housing and supported living, in areas in England, Wales and Northern Ireland with strong supply/demand dynamics

Loan Size: From £3 million to £20 million

Leverage: Up to 90% Loan to Cost and up to 75% Loan to Gross Development Value

Developer Equity Contribution: At least 10%. Credit may be given for equity in land contributed, or other collateral, at fair market value

Interest Rate: From 8% on drawn capital, rolled up and paid at maturity

Loan Term: 12 to 24 months

Planning Permission: Required, though we can proceed with a loan application while planning permission is pending

Exit Strategy: Must be clearly defined

The development project must be at an advanced stage in the acquisition process with a drafted appraisal and estimated cost plan with supporting documentation.

 

FREQUENTLY ASKED QUESTIONS

To discuss how Hilltop Credit Partners could help your development, please get in touch with our expert team who will be happy to guide you further.

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Why use Hilltop Credit Partners?
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