Development exit finance = Development exit bridge finance = Short term development exit funding
All the above are the same just with alternative names, don’t be confused. Additionally, they all are doing the exact same job of paying off your development funding finance as your term came to fruition. This may have been due to possible complications with your build construction for one reason or another and as the project has gone up in value, you have more equity to allow a bridging finance loan to redeem the current funding.
This in turn allows you more time to either sell all the units or retain some using a longer term funder to raise funds on the retained properties as buy to let mortgages. You will be able to pull out a good capital chunk of equity quite possibly up to 75% of the surveyor valued price within their report.
The bridging exit loan is only used for speed and should be wrapped up in 3-4 weeks as the conveyancing originally done will also come in handy and it is really down to the valuation coming in at the correct price. Rates of interest vary but on average in August 2025 I would say dependent upon the loan to the value of the asset you are looking at 0.75% – 0.85% per month rolled into the exit bridge funding.
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Mark Thomas