Cynergy Bank has introduced a new bridging finance product aimed at UK property developers, featuring no arrangement fees, no exit fees and reimbursement of valuation and legal costs after the sale of the first unit.
This initiative aims to support property developers amid current political uncertainty and a slowing market. The product targets minimum loan sizes of £10 million, providing substantial support to developers handling larger, more complex transactions. This also reinforces Cynergy Bank’s commitment to supporting high-value, ambitious projects.
In a time of cautious buyer sentiment, Cynergy Bank stands firmly behind UK property developers by offering up to 75% Loan-to-Value bridging finance on completed residential developments. The development exit facilities not only enable equity release and refinancing but also include refunded legal and valuation fees, delivering cost-effective liquidity when strategic flexibility is most needed.
Gerard Morgan Jackson, Executive Director at Cynergy Bank, said: “At Cynergy Bank, we understand the challenges developers are facing in today’s market. Our new bridging finance product is designed to remove unnecessary barriers to liquidity, meaning our clients can focus on delivering high-quality developments and achieving strong returns.”
