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Stretch Senior Finance

Speak to our trusted experts on stretch senior finance today. Perfect for developers looking for extra additional leverage.
stretch senior loan
Clearwell's stretch senior product provides development finance at a higher leverage than traditional high street or challenger banks. For example, where banks typically lend up to 70-80% of costs, our senior stretch loans can cover up to 90% of total project costs. This higher leverage lending is perfect for property developers as it means you won't need to provide such a large percentage of funding yourself. This not only helps with cash flow but also provides the opportunity to build more than one development project at a time.
What Is Stretch Senior Debt?

Stretch Senior Debt refers to a first charge development loan that provides an even higher Loan to Cost percentage than a typical Senior Debt facility can allow.

Using stretch senior debt is an alternative to using "structured" funding packages like Senior Debt and Mezzanine Finance. Often the loans you receive across these loan types are comparable, but with a stretched senior loan, you only have to source funding from one lender.

Stretch Senior Finance capital stack diagram
Speak To Our Experts

Working With Us

We have had the pleasure of working with an incredible range of clients over the years. These are just a handful of reasons why our working relationships with our clients are second to none.
EXPERT ADVICE
We provide expert advice on financing your project
GUIDANCE
You can receive ongoing guidance for resolving any complications
CONCEPT TO COMPLETION
From laying your first brick to financial completion, our professional team will be with you every step of the way
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Senior Stretch Lending Criteria

PROJECT
• Viable - The scheme should be viable with current planning permission
• Residential Lead - We will consider sites with a commercial element of less than 20% of GDV
• Profitable - Minimum profit on the cost of 20% after finance costs
LOAN
• Loan sizes from £250k to £2.5M
• Loan term from 6-36 months
• Loan to GDV up to 75%
• Loan to cost up to 90%
DEVELOPER
• Proven track record of developments
• 2x facility amount in net assets
• Willing to provide a personal guarantee
Clearwell Capital by numbers.
Clearwell Capital has been supporting SME housebuilders since 2014. Supporting the development of over £340M worth of property across the UK.
Goss Development Value Funded To Date

£345M

Developers Supported

61

Opportunities Assessed In The Last 12 Months

350

Projects Financed

84

Residential Units Financed

1108

Value Of Opportunities Assessed In The Past 12 Months

£224M

Why Choose Us For Stretch Senior Development Finance?

Here at Clearwell Capital, we also pride ourselves on our premium standard of customer service, and pride ourselves on sending out 86% within 24 hours of receiving the application.

We have also reduced our processing time to an average of 4 - 8 weeks, which is one of the fastest you’ll find in the industry. Once a site visit has been undertaken, it typically takes our expert teams less than a week to secure credit committee approval for your stretch senior loan.

This means that we can confidently guide you through the process while being mindful of the time-sensitive nature of your project.

Talk to us today to see how much you could borrow and take the first step towards a supportive, end-to-end finance partnership.

GET IN TOUCH

Please get in touch with Callum, our expert on Stretch Senior Finance.

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or call Callum Ferguson

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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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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