Stretch Senior Finance

Our Stretch Senior Development Finance option provides experienced developers with the opportunity to access additional development finance in a quick and convenient way, dealing with just one lender.

We understand financial flexibility is key when it comes to property development and want to ensure you have access to the right lending solutions at the right times to help you achieve your development goals.

Choosing Stretch Senior with Hodge provides the opportunity for experienced developers to access additional leverage alongside a Hodge development facility, saving you both time and money and the benefit of dealing with just one provider for a fast and seamless experience.

Working with Hodge

Tailored loans

Projects come in all shapes and sizes, and we’ll work with you to make sure our development loans are tailored to support your ambitions.

Experienced team

Our expert team have ‘through the cycle’ development experience, so we’re well placed to support you, whichever stage your project is at.

Efficient process

We’re a small team, close to the decision makers, which means you can expect a quick and effective service, with minimal hold-ups along the way.

Borrower options

We offer residential and alternative residential development finance of up to £10m on single transactions to individuals, partnerships and limited companies.

At a glance

Here’s an overview of our Stretch Senior Development Finance option. From our key criteria to the type of development projects we can offer Stretch Senior Development Finance for, you’ll find all the information you need here.

Need to know Other information

Available to experienced residential and commercial developers – individuals, sole traders, partnerships, LLPs, limited companies, PLCs
Can only be provided where Hodge is the senior debt provider
Maximum debt amount across both senior and stretch up to £10m
Loan to Gross Development Value (LTGDV) – up to 75% (65% on traditional senior debt)
Loan to Cost (LTC) – up to 88% (80% on traditional senior debt)

Term – up to 24 months
Arrangement fee – from 2%
Exit fee – from 2%
Interest margin – from 9%
Interest basis – Bank of England Base Rate

Available across residential and commercial developments
No requirement for additional documentation – all Hodge lending can be arranged via one facility agreement
No additional diligence requirements – one lawyer, one valuer and one project monitor required for all development finance
No profit share requirement