Use case
Developer Exit
A bridging facility used to refinance a near-completed development off the development-finance lender, typically when units are wind-and-watertight but not yet sold.
Development finance is expensive — typically 0.95%+ per month with monitoring fees. Once a project reaches practical completion (PC), refinancing to a developer-exit bridge can save significant interest while units sell.
Most exit bridges are sized at 65-75% LTGDV depending on unit count. Precise Mortgages and Roma Finance both offer competitive developer-exit products on our panel, with Roma starting at 0.93% per month for wind-and-watertight stock.
The exit from a developer-exit bridge is unit sales — typically over 6-12 months. Lenders allow the loan to be repaid in tranches as each unit completes, rather than waiting for the entire scheme to sell.