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OUR LOAN PROCESS

Our lending process can be broken down into four simple stages
Application
Phase 1
  • To submit an application just fill out our short application questionnaire and we aim to respond within 24 hours. Initial screening will focus on the project's viability based on submitted financials, although any other information you have would still be helpful at this stage.
  • Following a successful application, we will offer initial terms.
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Due Diligence and Offer Letter
Phase 2
  • Once you are happy and have signed the initial terms, we will begin to conduct full due diligence checks to verify information submitted in the application phase as well as troubleshoot any potential roadblocks to the project.
  • Due diligence will involve a site visit as well as providing QS reports, valuation and developer CV. There are other requirements in this process, however we will walk you through this as we progress through this stage.
  • While conducting due diligence, we will also work on a formal offer letter, which will detail full terms of the agreement. We will also work alongside any senior lenders to negotiate terms of priority, including drawdown schedules.
Application
Phase 3
  • Congratulations! You’ve secured funding for your development – now you can get down to making the project happen.
  • Our funds will usually be advanced in full on purchase / refinance of the property, however our flexible drawdown structure allows us to find the best solution for you.
Construction site visit from architects
Monitoring and Repayment
Phase 4
  • We will monitor the project throughout its course. We generally use the same monitoring surveyor as the senior lender, minimising additional costs.
  • We will require repayment upon sale of units or refinancing of developments.

Need to finance your next development?

Clearwell have a dedicated team of industry professionals on hand to discuss your funding requirements.

Contact us today to see how Clearwell can fund your next development.

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66 Newman Street
London
W1T 3EQ
Company Number 07334412
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Disclaimer
This website is for use by property professionals and introducers only. Clearwell Capital Group Ltd and its subsidiaries are not regulated by the Financial Conduct Authority. Your property may be at risk if you do not keep up repayments on any loan secured against it.
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