Lendhub has secured a new funding line to boost its capacity for ground-up residential development across England and Wales.
The facility will allow the specialist lender to support more residential-led and mixed-use projects, with a focus on experienced developers looking to grow their pipeline.
Loans are available from £500,000 to £7.5m, with terms from six to 24 months.
Lendhub will fund up to 90% loan-to-cost (LTC) and 70% loan-to-gross-development-value (LTGDV), covering 100% of build costs.
Rates start from 5.5% plus Bank of England Base Rate (BBR) per year.
The lender will consider mixed-use projects where commercial elements are limited, and first-time developers can also apply if they have professional support.
Richard Nordgreen (pictured), managing director at Lendhub, said: “This is a major boost for our development offering.
“It gives us the strength to support more projects, at greater scale, while keeping our terms highly competitive.
“Having been developers ourselves, we know how much certainty and flexibility matter on the ground, and these enhancements allow us to deliver both with real confidence.”
Christopher Adamou, CEO and founder at Lendhub, said: “Securing this new funding line represents a significant step forward for the business.
“I’m incredibly proud of the team and what we’ve achieved together.
“With this additional funding line, and the advantage of our in-house development experience, we’re in a stronger position than ever to support ambitious developers in bringing their projects to life.”
