Development finance
The CLT Fund offers development capital loans for building affordable housing of up to £30,000 per unit to top up commercial development capital already secured from banks and other investors.
At this stage we would expect to see a business plan, designated land with planning permission and architectural drawings of an affordable housing project.
Interest rates for development capital loans are typically 6.5% for the first year and 8% thereafter and secured by at least a second charge over the land and building.
How to apply for Development Finance
If you would like to talk to someone about applying for Development Finance please contact Venturesome on:
Email venturesome@cafonline.org
Tel: 03000 123 300Venturesome will hold initial discussions to appraise the proposal and financial need. Following this Venturesome will either:
- Provide signposting, informal advice and feedback if the proposal needs further development
- Proceed with the appraisal and due diligence of the proposal, preparing and application for the CLT Investment Committee.
