Development Finance

Our expert team has wide-ranging experience in advising lenders on all legal aspects of a potential financing arrangement.

Get in touch

David Powell
Partner and Head of Business Law

Our expert Banking and Real Estate Finance team has wide-ranging experience in advising lenders on all aspects of the funding of site acquisition and subsequent construction, conversion or refurbishment of residential, commercial and mixed use development sites, drawing on specialised construction, planning and insurance expertise where required.

At TWM Solicitors, we draft both industry standard and bespoke non-standard facilities and security in multiple-raise and single-raise deals for high street banks, alternative lenders, challenger banks, peer-to-peer operations and private funders.

Acutely aware of the time pressures involved in progressing developments, we are pro-active in liaising with the lender, any Independent Monitoring Surveyor and the borrower’s solicitor to identify satisfactory and practical solutions to any issues identified in the course of our legal due diligence as and when they arise so they can be resolved in good time prior to anticipated drawdown.

We are also able to offer collaborative advice from existing trusted professional advisors on construction documents including build contracts, professional appointments, collateral warranties and PI Insurance.

Recent completed transactions include:

  • Advised senior lender (peer to peer lending institution) on all aspects of a £7,774,000 Recovery Loan Scheme development finance facility, including drafting and negotiation of all finance and security documents with institutional funding line and mezzanine debt providers and handling all due diligence and reporting aspects.
  • Advised a peer-to-peer lending institution in relation to a Coronavirus Business Interruption Loan Scheme development facility to fund a conversion of a former hotel to an assisted living facility for elderly care.
  • Advised a peer-to-peer lending institution in relation to a £3 million site acquisition and development facility for the building of holiday lets.
  • £1.7m development loan to fund the build of 9 residential bungalows in West Wales.

If you require further information or need assistance with the legal aspects of a potential financing arrangement, please contact David Powell or Shanice Golder.

Related services

Short Term Bridging

We provide pro-active advice for both senior debt and mezzanine financing lenders in connection with bridging facilities required to complete property purchases at short notice.

SME Commercial Mortgages

We provide forward-thinking advice to high street banks and private lenders in managing commercial mortgage transactions across a range of industries.

Contact Us

In order for us to direct your enquiry to the right person at TWM Solicitors, we need to know a little more about you and what are you looking for.

Please complete the boxes below and we will forward on directly to the most appropriate person.

Thank you for contacting TWM Solicitors, your completed form has been sent successfully. If this is an enquiry we are able to assist with, one of our team will be in contact with you as soon as possible. Please note, this may not be until the next working day, and during business hours. If you require urgent assistance, please call: 0330 555 0440.