Independent finance lenders vs bank loans
As a trusted private development finance provider, Mesa Financial is a trusted company with years of experience.
Mesa Financial offers 100% development loans from £100,000 up to £13,000,000 to be lent usually over a period of up to 12 months.
They also supply fast and flexible bridging finance and mezzanine loans. Call their lending team to find out more about your property funding options.
What is a development loan?
Property development loans are funding for either new building projects or extensive renovations.
The development loan is an advance of funds, secured by the land, to finance the purchase of land and/or existing properties plus the demolition and construction of the new houses and flats.
Why choose development finance from a private lender vs a bank?
Mesa Financial was created to deliver a relationship-led service to sit between our clients and the bank, advising clients with complex lending requirements.
This enables them to make all of the decisions quickly and consider a much more comprehensive range of applications than a mainstream bank can.
One other added benefit is that they often accept applications from developers who have been refused funding from banks and other high-street lenders.
Find out more about our exit loan strategies here.
10 reasons to choose Mesa Financial:
- Fast decision-making process – deal directly with the decision-makers
- High acceptance rates
- Rapid turnaround from application date to receiving funds
- No intermediaries, brokers or middle-men to deal with
- No extra fees or commissions to pay
- Considers all applications including complex cases
- Mesa Financial lend to developers who have been refused by a bank or mainstream lender
- They have personal experience and knowledge from developing our own properties
- They offer continued support throughout your development
- Offering financial products are tailored to the developer
Downsides of choosing a bank or mainstream lender for your loan
- Very strict lending criteria
- Low acceptance rates
- No ongoing support: no property expertise
- Decision-making can take months and even longer to actually receive the funds
- A small range of property loan options for developers
Mesa Financial was born out of the frustrations the directors observed whilst working in a high street bank. The banks were moving away from their traditional relationship approach and were delivering a ‘computer says no’ service across the whole bank. By taking away the people you then take away the bloodline of a business. - James McGregor
Mesa Financial process applications faster
Mesa Financial offers some of the best rates available for development finance in the UK. Click here to find out how development finance works.
As private lenders in the property industry for several years, they use their expertise and local knowledge to fund successful and profitable new build projects in London, Surrey, Berkshire, Hampshire and the surrounding areas.
Keep up to date with the latest property finance news in the South West.
Call them on 020 3835 4055 to find out how we can help your project get started or click here to apply online.
Read more > Government boosts funding for development finance.
