Castle Trust expands offering in development finance
Castle Trust Capital has expanded its development finance offering.
Castle Trust has doubled its maximum loan size and is now able to lend up to £20m on loans up to 65% GDV.
Maximum GDV has increased from 70-75% for loans up to £15m, and Castle Trust has also introduced competitive pricing at 65%.
After launching as a pilot earlier this year, Castle Trust is rolling out its mezzanine finance offering with loans available up to £5m on schemes up to £50m.
Nick Oakley, director of structured finance at Castle Trust Capital, says: “We are delighted with the way our portfolio has been developing since our launch last year, and this means that we are able to expand our offering on the back of an established book.
“We now have a full suite of senior and mezzanine finance options for experienced developers who want to maximise their returns through the efficient use of capital.”