West One Loans has increased the duration of its progressive financing loan from £10 million to £15 million.
West One lends up to 65% of LTGDV and 85% of LTC outside its progression funding range, to be offered to experienced developers (minimum of two completed projects) in England and Wales.
Guy Murray, West One’s Director of Development Finance, commented, “As we increased our progression funding over the over 3 years, the developers we have lent to have also expanded it 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. “