“This was a great first deal to complete at DCI and a strong example of how development exit funding can be used to support ongoing growth for SME developers”
– Rahul Sharma – District & County Investments
District & County Investments (DCI) has completed a £220,000 net (£252,000 gross) development exit facility for an experienced SME developer in Aldershot, enabling the borrower to free up capital and fund their next acquisition.
The facility was secured against a completed new-build three-bedroom semi-detached property, part of a two-unit residential scheme on the same site. With the funding in place, the developer completed an auction land purchase, recycling equity from the finished asset into their next project.
DCI structured the deal at circa 45% net loan-to-value, keeping leverage low and building in what the lender describes as strong downside protection. The 12-month term gives the borrower flexibility on exit, whether through a sale of the completed unit or a refinance onto a buy-to-let mortgage.
“This was a great first deal to complete at DCI and a strong example of how development exit funding can be used to support ongoing growth for SME developers,” said Rahul Sharma, business development manager at District & County Investments (pictured).
“The borrower had delivered a high-quality scheme and was looking to efficiently recycle capital into their next opportunity. By structuring the facility at a low leverage with a flexible exit, we were able to provide both certainty of funds and optionality around how the loan is repaid.
“It’s a good illustration of how we approach lending; focusing on the underlying asset, borrower strength and sensible structuring to support real-world execution.”
The borrower brought a strong track record and a well-capitalised balance sheet to the transaction, with local demand and comparable market evidence underpinning the asset’s value. DCI says the deal reflects its broader approach to SME developer lending, prioritising flexible, well-structured facilities that support capital recycling without constraining borrowers with rigid repayment timelines.
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