Development finance hub launches

Sarah Davidson

October 15, 2012

The firm said it has access to senior debt, stretched senior debt, mezzanine finance and joint venture partners for most “viable projects”.

It also has its own mezzanine finance book and can provide second charge finance if there is a shortfall.

John Waddicker, director at Positive, said: “Since inception, Positive Commercial Finance have dealt with property development finance in all its guises. Development finance is our core business and as such our experience is second to none.

“We have access to the broadest range of development finance lenders in the industry, including private funders and private individuals meaning there are no criteria or parameters set in stone and we will consider any viable project even if it has already been to another broker as our range of private lenders are not accessible to other brokers.”

Waddicker added that brokers looking for more options in development can use the “Apply Now” function to provide indicative terms from a range of lenders.

“With no upfront fees, there is no reason not to give us a try,” said Waddicker.

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