What Development Exit Finance Is
A refinance solution for completed or near completed development schemes.
Development exit finance is typically considered when the substantial construction phase has finished, but the original development loan is approaching maturity before every unit has been sold or the scheme has moved into its longer term ownership structure.
Rather than automatically extending the original facility, a new funding structure may provide a cleaner route through the marketing, disposal or refinance period where appropriate.
Typical Requirements
When It Becomes Relevant
The development risk has reduced, but the commercial exit still needs managing.
Protecting The Completed Scheme
The requirement is often to preserve value rather than simply extend borrowing.
A completed development can represent years of planning, construction and investment. If sales timing changes or refinancing takes longer than expected, the funding structure should support the commercial value of the scheme rather than create unnecessary pressure around maturity.
Development exit finance therefore sits between the development phase and the final commercial outcome, providing an opportunity to restructure debt where the overall transaction remains viable and the proposed exit is credible.
What Lenders May Assess
Reduced development risk, current debt and the strength of the exit all matter.
Our Role
Structure the next stage before approaching the market.
The Aftersales Network Limited is a credit broker and not a lender. We assess the completed scheme, the current funding position, the intended commercial outcome and likely lender appetite before positioning the requirement appropriately where suitable.
That means considering whether development exit finance genuinely represents an appropriate route forward rather than simply seeking additional time on an existing facility.
Due Diligence & Property Compliance
Completion of the build does not necessarily mean completion of the lender’s assessment.
Valuation, title, planning position, completion documentation, remaining works, intended use and relevant property compliance considerations may all influence lender appetite and the eventual refinance or disposal strategy. Understanding the completed asset as well as the outstanding debt can therefore be important when structuring an exit facility.
Understand some of the property factors that may influence a lender’s funding decision and the structure of the proposed exit.
Explore Property Due DiligenceExplore property compliance considerations that may become relevant to the completed asset and its intended use.
Explore Property ComplianceStrategic Funding Assessment
Start with the completed scheme and the intended commercial exit.
Tell us about the development, the current loan, practical completion, sales progress and what you need the funding to achieve. We will assess the wider transaction before identifying an appropriate route forward.
Related Property Routes
Explore other property finance routes around the wider transaction.
Next Step
Need to refinance a completed development or create more time for the commercial exit?
Complete our Strategic Funding Assessment and tell us about the scheme, current borrowing and intended outcome. We will consider the wider transaction before deciding the appropriate funding route.
