District & County Investments has completed a £220,000 net development exit facility for an SME developer in Aldershot.
The facility, which had a gross value of £252,000, was secured against a completed new-build three-bedroom semi-detached property.
The funding enabled the borrower to raise capital against a near-complete unit and complete on an auction land purchase, allowing equity to be recycled into their next project.
The wider scheme comprises two newly built residential units on the same site. DCI said the borrower was experienced and had a strong track record and well-capitalised balance sheet.
The facility was structured at about 45% net loan-to-value, providing a low-leverage position for the lender. It has a 12-month term, giving the borrower flexibility to exit through either the sale of the completed unit or a potential buy-to-let refinance.
DCI said the structure allowed the developer to unlock capital from a completed asset without being restricted by fixed exit timelines, while maintaining a conservative risk profile supported by local demand and comparable evidence.
Rahul Sharma (pictured), business development manager at District & County Investments, says: “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.
“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.”
DCI said it continues to support brokers and borrowers with tailored funding across bridging and development finance, with a focus on speed of execution, simplicity of structure and alignment of interests through the deal lifecycle.
