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Bridging finance

Client looking for a way to exit existing development finance loan

  • New build development worth £13 million
  • 18 two and three-bed apartments
  • Client being pressured to extend existing development finance

A property developer contacts their broker to find out what finance options are available to them following the completion of an 18 apartment block in South London. The purpose-built development is comprised of two and three-bed units, six of which have already been sold, subject to contract.

Whilst waiting for the other units to sell, the client needs to pay off their existing £9 million development finance loan. The client feels pressured into extending the loan, meaning they’d have to pay another expensive arrangement fee.

Due to the size of the loan, the case is referred to our Transactional Credit Committee to provide an indication as to whether the application would be accepted. The client has a portfolio of properties worth £24 million and a strong credit profile, so we’re able to offer them the development exit finance they need, giving them valuable breathing space to find buyers for the remaining 12 apartments.

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Davey Gurm

Specialist Finance Account Manager
Areas covered

London and Greater London


I joined the team as a specialist finance account manager in 2021 after holding similar roles at a number of other financial services companies. I enjoy interacting with brokers and am dedicated to supporting our ongoing commitment to strengthen relationships with all of our intermediary partners.


Kevin Beale

Specialist Finance Account Manager
Areas covered



I joined the company more than seven years ago, initially as national sales manager, then as new build distribution manager, before moving over to my current role. I love working closely with my broker partners and helping them to access products that their clients might struggle to get on the high street.

Mo Parmer (1)

Mohinder Parmar

Specialist Finance Account Manager
Areas covered

London and South East


I joined the group in 2022 after more than 20 years of experience working in banking, first as a private banker then as a relationship manager looking after my broker partners. The thing I love especially about specialist lending is that every case I receive is different with its own set of challenges, so when I’m able to finally get it over the line it gives me a real sense of achievement. I’m really looking to helping you with your complex cases and showing off our exciting proposition.


Charlotte Parker

Specialist Finance Account Manager
Areas covered

South West


I’ve been supporting brokers in South West ever since joining the company in April 2019. With nearly 20 years of experience working in financial services, I’ve developed a detailed knowledge of the mortgage market which means I’m perfectly placed to help you with your cases. Whatever support you need, I’m here to provide solutions to complex cases, and diffuse and resolve any issues that may arise during the processing of an application.

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