Pivot ups LTGDVs to 70%
Development and bridging lender Pivot, has enhanced its heavy refurbishment and ground up development range with a hat-trick of improvements:
LTGDV’s are now available up to 70% (previously restricted to 65%).
LTC is now available up to 90% (previously restricted to 85%).
Day One maximum LTV’s are now available up to 70% (previously restricted to 65%).
With rates starting from just 0.69% pm on heavy refurbishment loans and from 0.79% on ground up schemes with no exit fees, Pivot are happy to look at loans from £500k to £10M (more by exception) right across England and Wales.
Having grown out of a successful London developer, Pivot’s experienced, multi-disciplinary team, supported by market-leading proprietary risk tools and software, will also happily consider first time developers or those looking to move up in scale/nature provided their professional team is strong.
On top of this they do not have a minimum or maximum unit size, are experienced funders of airspace developments, treat internal works including the removal of walls as non-structural and will even allow developers to recycle sales income towards future drawdown costs where cashflows and the scheme merits this.
Shahil Kotecha (pictured) CEO of Pivot said: “We are continually looking to refine and enhance all of our products and with these latest changes our development proposition is now stronger than it’s ever been before. These are uniquely challenging times for developers large and small and together with our broker partners we are committed to providing them with the most competitive, flexible products and the high levels of service they have come to expect. Together we can build our way to success.”
Contact sales@pivotfinance.co.uk today to start your journey with us.