According to the lender, product improvement will provide small and medium-sized businesses with financing responses that are “fast, competitive and reliable. “
West One Loans’ Director of Development Finance, Guy Murray, said: “As we increase our progression financing over the over 3 years, the developers we have lent to have also expanded it and moved from smaller to larger projects.
“We’ve made those adjustments so that we continue to offer competitive products to our customers, so they don’t want to find a solution of choice to fund more progressive sites. “
West One Loans can now offer loans of between £1 million and £15 million, with a loan rate of 65% on the gross progression price and 85% on cost.
There will also be financing for residential projects, one hundred percent structure prices and developers must have completed at least two projects to be eligible.
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