Cynergy Bank has unveiled a new bridging finance product for UK property developers, removing arrangement and exit fees and refunding valuation and legal costs once the first unit in a development is sold.
The product is aimed at larger-scale schemes with loan sizes starting from £10m.
Cynergy Bank said the launch is part of its strategy to support developers managing complex, capital-intensive projects.
The new facility offers up to 75% loan-to-value (LTV) on completed residential schemes.
Designed as a development exit solution, it enables equity release and refinancing while refunding key upfront costs, providing developers with additional liquidity at a time when buyer confidence remains cautious.
Gerard Morgan Jackson, executive director at Cynergy Bank, said: “At Cynergy Bank, we understand the challenges developers are facing in today’s market.
“Our new bridging finance product is designed to remove unnecessary barriers to liquidity, meaning our clients can focus on delivering high-quality developments and achieving strong returns.”
