Cherish Finance can provide finance for UK and Overseas Development Projects:
In this current market banks and other lenders have set stringent lending criteria which are not favourable for the property investor or developer and many lenders are simply not currently lending. Banks, such as RBS, have withdrawn lending facilities from developers and are even contacting large property portfolio owners asking them to reduce equity or move to a new lender. In some cases RBS are forcing clients with large portfolios to sell assets to reduce the banks exposure.

Savvy, sophisticated investors with a sizeable property portfolio or owners of healthy businesses often set up private funds or actually lend their own funds against property as a safe asset class. Private Financiers benefit by charging interest for the lending which provides a better return than other methods of investment and has an advantage of being secured against a tangible asset. Private Financiers have prefer lending to other experienced investors and are better placed to understand property investments than bank lenders.

Cherish Finance are able to offer JV finance and Mezzanine finance to developers and have large funds at our disposal. We particularly invite applications from developers who need refinancing or require urgent finance after a lender has reduced or withdrawn lending during the 'build' creating a financial crisis that endangers the development and consequently, jobs.

Cherish Finance specialise in working with property developers, property investors and finance brokers. We have funds available now for: DEVELOPER FINANCE, JOINT VENTURE FUNDING, COMMERCIAL FINANCE - refinance and acquisition, BRIDGING FINANCE and MEZZANINE FINANCE.

We have a very experienced team of property professionals and offer our advise and experience to help with your property related finance requirements. For regulated lending we have a wide network of FSA regulated partners that can assist you.

NEW PRODUCT!

RESIDENTIAL AND COMERCIAL LENDING

• Up to 100% of the purchase price available
• Interest and fees can be rolled up in loan
• Finance between £25,000 and £1,000,000 available (higher by negotiation)
• Decision in Principle within 24hrs, Monday - Friday
• Multiple applications
• Further details can be found here:
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DEVELOPER FINANCE:

We work alongside private off market funds, offshore funds, mezzanine finance providers and private investors as well as mainstream banks and specialist lenders such as Close Brothers and Investec etc.

• Up to 90% project funding on primary debt (projects over 1 million)
• Up to 80% GDV for projects less than 1 Million
• 100% with Mezzanine finance
• Each application is assessed on its own merits 2 billion upper funding limit
• Lending terms and interest rates vary and range from case to case

We specialise in this particular type of finance and can provide JV and equity share finance through our private client funds.

MEZZANINE FINANCE:

We have direct access to mezzanine funding and provide senior debt through many of our funding partners.

• For developers and property professionals
• Unlimited funding available
• Senior debt also arranged
• Lending of any size considered
• Lending rates vary from case to case
• Private funds from experienced property professionals

COMMERCIAL LENDING:

We can provide finance for acquisition or refinance of existing lending

• Up to 90% acquisition finance of project costs over 1 million
• Up to 100% lending through private finance sources
• Bridging and top up finance available
• Business experience of the investor and supporting business plan essential
• Each application is assessed on its own merits with no upper funding limit
• Lending terms vary and range from typically 5% above BoE base to 1% per month

BRIDGING:

We work daily with private finance providers who will lend at a higher rate to risk than mainstream bridging finance providers. We can arrange 100% finance for your acquisition or construction project. Our lenders will also work on a JV basis with you if required. Our high net clients who understand property trading and portfolio building will lend their own money to facilitate your purchase. Contact us direct and speak to us about your particular requirements.

• Up to 100% of the purchase price financed
• Rates vary but are usually between 1.25% and 2% a month
• We facilitate investors buying and flipping property
• Clean credit score is NOT essential
• Cash purchase / Auction finance package available
• Quick to arrange (typically just a few days)

Apply now for any of these products Click here