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HERITABLE DEVELOPMENT FINANCE

Providing financial support to small and medium-sized developers for primarily residential and mixed use developments in England and Wales.

At Heritable Development Finance, we do things differently. Our management commit significant capital alongside the bank, giving our team personal interest in the success of your development project. Furthermore, instead of pre-defined, potentially inflexible, criteria our knowledgeable team are able to approach each case on a bespoke basis. This means we can focus fully on your needs, not our lending criteria, and create a structure that suits you.

Typical individual loan facilities range from £1m to £15m with group exposure of up to £35m.

 


About

Heritable Development Finance was formed in 2013 as a joint venture between OneSavings Bank and Heritable Capital Limited.

We know that a specialist sector needs expert knowledge. Our team has years of experience working for a number of niche development funders.

Our list of clients features experienced property developers and small to medium-sized housebuilders with proven track records. The projects we fund include new build houses and flats, conversions and refurbishments - including mixed use opportunities.

About us

About

Heritable Development Finance was formed in 2013 as a joint venture between OneSavings Bank and Heritable Capital Limited.

About us

We know that a specialist sector needs expert knowledge. Our team has years of experience working for a number of niche development funders.

Our list of clients features experienced property developers and small to medium-sized housebuilders with proven track records. The projects we fund include new build houses and flats, conversions and refurbishments - including mixed use opportunities.

Why Heritable?

Director involvement

Our Directors provide significant equity to the business, giving them personal interest in your project’s success. You will be allocated a Director and Senior Executive from the outset providing you with immediate access to decision makers.

Flexible, bespoke criteria

We have an experienced, knowledgeable team who aren't tied down with pre-defined lending criteria. This means we’re able to get to the heart of what you need and create a structure that suits you and the project at hand.

Fast deal turnaround

Bespoke structures don’t mean delayed results. We know good opportunities need to be seized quickly to enable you to move forward assertively. The structure of Heritable means we are able to provide timely, board level decisions.

Beneficial relationships

With Heritable Development Finance, you won’t be passed from team to team. Your allocated Director and Senior Executive will oversee your loan from origination through to drawdown and repayment. This means you receive personal support throughout the process and always know who to talk to.

Expertise and consistency

Our team consists of executives with considerable property knowledge and experience across the length and breadth of the development sector. We use our insight to provide a consistent, reliable and responsive lending approach.

Long term relationships

We see ourselves as true relationship lenders. We remain in close contact at all times, involving regular site visits and meetings to ensure we are meeting your financial needs. As a result, we build strong, lasting relationships and are proud to play a part in helping our clients grow.

Why Heritable?

Director involvement

Our Directors provide significant equity to the business, giving them personal interest in your project’s success. You will be allocated a Director and Senior Executive from the outset providing you with immediate access to decision makers.

Flexible, bespoke criteria

We have an experienced, knowledgeable team who aren't tied down with pre-defined lending criteria. This means we’re able to get to the heart of what you need and create a structure that suits you and the project at hand.

Fast deal turnaround

Bespoke structures don’t mean delayed results. We know good opportunities need to be seized quickly to enable you to move forward assertively. The structure of Heritable means we are able to provide timely, board level decisions.

Beneficial relationships

With Heritable Development Finance, you won’t be passed from team to team. Your allocated Director and Senior Executive will oversee your loan from origination through to drawdown and repayment. This means you receive personal support throughout the process and always know who to talk to.

Expertise and consistency

Our team consists of executives with considerable property knowledge and experience across the length and breadth of the development sector. We use our insight to provide a consistent, reliable and responsive lending approach.

Long term relationships

We see ourselves as true relationship lenders. We remain in close contact at all times, involving regular site visits and meetings to ensure we are meeting your financial needs. As a result, we build strong, lasting relationships and are proud to play a part in helping our clients grow.

Our Development Finance Options

Residential development finance

Our core business is funding residential and mixed use development. We provide senior debt for new build developments, conversions of existing buildings and refurbishments.

Our loans typically range from £1m to £15m with group exposure of up to £35m. However, we are able to provide stretched funding to customers with a particularly strong record who are seeking funds for highly profitable developments.

Working closely with developers and housing associations, we understand the complex funding arrangements that can arise and are able to work around situations to maximise your equity.

We specialise in providing revolving debt facilites to small and medium sized house builders to assist with the phased development of houses schemes, across the country.

Residential-development-finance

Planning gain finance

Our team regularly use their insight into the increasingly complex area of planning gain to help experienced property developers fund the purchase and assembly of sites ahead of a change of use.

Typically we provide 60% of the purchase price of the land.

We fully understand that the existing use value of a given site does not always reflect its full potential. Our team is experienced enough to recognise these cases and provide funding when others may not.

Planning-gain-finance

Commercial development loans

Our commercial loans can help developers whether it involves speculative and pre-let commercial developments, or refurbishment loans in the office and industrial sectors. We normally require an element of pre-lets or pre-sales on development projects of this nature.

Heritable Development Finance Limited will consider assisting experienced commercial developers with projects which are largely pre-let or pre-sold to strong tenants. Typically we will consider funding a maximum of 70% of Gross Development Value (typically 90% plus of costs).

Commercial-development-loans
Residential-development-finance

Residential development finance

Our core business is funding residential and mixed use development. We provide senior debt for new build developments, conversions of existing buildings and refurbishments.

Our loans typically range from £1m to £15m with group exposure of up to £35m. However, we are able to provide stretched funding to customers with a particularly strong record who are seeking funds for highly profitable developments.

Working closely with developers and housing associations, we understand the complex funding arrangements that can arise and are able to work around situations to maximise your equity.

We specialise in providing revolving debt facilites to small and medium sized house builders to assist with the phased development of houses schemes, across the country.

Residential-development-finance

Planning gain finance

Our team regularly use their insight into the increasingly complex area of planning gain to help experienced property developers fund the purchase and assembly of sites ahead of a change of use.

Typically we provide 60% of the purchase price of the land.

We fully understand that the existing use value of a given site does not always reflect its full potential. Our team is experienced enough to recognise these cases and provide funding when others may not.

Residential-development-finance

Commercial development loans

Our commercial loans can help developers whether it involves speculative and pre-let commercial developments, or refurbishment loans in the office and industrial sectors. We normally require an element of pre-lets or pre-sales on development projects of this nature.

Heritable Development Finance Limited will consider assisting experienced commercial developers with projects which are largely pre-let or pre-sold to strong tenants. Typically we will consider funding a maximum of 70% of Gross Development Value (typically 90% plus of costs).

Get in touch

For more information or to submit an application, please see our details below

Contact Information

Contact Information

Location

Heritable Development Finance
90 Whitfield Street,
London
W1T 4EZ

Location

Heritable Development Finance
90 Whitfield Street,
London
W1T 4EZ

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