To meet growing demand, LDS Sales Guarantees has increased the maximum GDV of the projects it will consider from £35m to £55m.
LDS uniquely enables SME developers to build more homes while increasing returns by removing sales risk and releasing interest-free capital.
The widening of criteria immediately creates more opportunities for developers, their senior lenders and finance brokers to maintain momentum, notwithstanding the continued softening of construction and sales markets.
Ben Jenkinson, Managing Director of LDS, commented:
“LDS was formed to help SME developers across England and Wales build more new homes and play a bigger part in solving the enduring housing crisis.
“Our Sales Guarantee enables both project risk reduction and increased returns. As project size and unit numbers increase, so the credit-enhancing benefits of removing sales risk come into sharper focus.
“We look forward to supporting more developers and more projects alongside our growing panel of quality senior lenders – details of new additions on the way soon.”
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