A property developer

Short-term loans for residential and non-speculative commercial developments in the North East LEP area.

Key features

wdc
£10m

fund to support North East projects

  • Dedicated, local account managers
  • Loans from between £250,000 and £1 million for development costs
  • Terms up to 2 years
  • Interest roll up is available
  • Interest rates / fees agreed in advance

Helping fund property projects

The £10 million North East Property Fund is supported by investment from the North East LEP and Santander.

The fund is a response to strong demand from smaller construction and property development companies who have struggled to access development finance from traditional lenders.

We want to help construction and property development companies make an impact in the North East by developing small-scale, non-speculative commercial and residential property, such as:

  • New housing schemes
  • Refurbishment schemes
  • Mixed use schemes
  • New office, industrial and warehouse developments
  • Phased developments

The fund offers short-term loans between £250,000 and £1 million for development costs with terms up to 2 years.

The fund is available to construction companies and property developers looking to build projects in the seven local authority areas of the North East:

Northumberland, County Durham, Gateshead, Newcastle upon Tyne, North Tyneside, South Tyneside and Sunderland.

The £10 million North East Property Fund is supported by investment from the North East LEP and Santander.

The fund is a response to strong demand from smaller construction and property development companies who have struggled to access development finance from traditional lenders.

We want to help construction and property development companies make an impact in the North East by developing small-scale, non-speculative commercial and residential property, such as:

  • New housing schemes
  • Refurbishment schemes
  • Mixed use schemes
  • New office, industrial and warehouse developments
  • Phased developments

The fund offers short-term loans between £250,000 and £1 million for development costs with terms up to 2 years.

The fund is available to construction companies and property developers looking to build projects in the seven local authority areas of the North East:

Northumberland, County Durham, Gateshead, Newcastle upon Tyne, North Tyneside, South Tyneside and Sunderland.

Making an application

Before we can help you, you’ll need to provide us with the following:

  • Accounts for your company and any associated companies and a project synopsis detailing:
  • Your financial contribution
  • Any other financial contribution
  • Relevant planning permission(s)
  • The proposed build schedule
  • The value you hope to achieve from the sale of the project
  • A detailed cost breakdown of the project
  • Details of the pre-sale agreement(s) for the project demonstrating how you’ll repay our loan

Need to know more first?

If you have a question just send us a message or try reading our FAQ section.