How We Can Help
Investing in Property
- Location
helpdesk@brite-developments.com
125 Deansgate,
Manchester,
M3 2LH
Contact Us
Development Finance
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The Planning Process
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Senior Debt
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Mezzanine Finance
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Bridging Finance
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Equity
- Planning permission and building permits will need to be granted in most cases and you'll also need to pay the planning permission costs, which is something we can help with. Developing a property is usually a collaborative effort, so you'll need to work out the entire process before starting the development to reduce the risk of hitting any unforeseen problems further down the line.
- This is the most conventional type of property development loan. It makes up the largest portion of the financing for a building development project, typically consisting of an amount of up to 60%+ of the GDV (gross development value). Senior debt is for long-term investments and is considered to be ‘senior’ because the lender will be first in line to be repaid.
- This is another form of financing used by developers, acting as a top-up for already existing funds that don't quite cover the amount needed for the project.
- Bridging finance/a bridging loan is a short-term option for developers, used temporarily to provide funding until a more permanent solution comes along, or the property has been sold.
- This option is commonly used in large commercial real estate projects. It’s similar to how preferred stock works in the stock market. Preferred equity gives additional capital to the investors in a development, giving investors the chance to own part of the development project.
- This option is commonly used in large commercial real estate projects. It’s similar to how preferred stock works in the stock market. Preferred equity gives additional capital to the investors in a development, giving investors the chance to own part of the development project.
Development Exit Solutions
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Forward Funding
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Forward Purchase
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Open Market Sale
This is a process in which the sales and purchase agreements are agreed upon alongside the developmental commitments of the seller by all parties at an early stage. The price is often agreed upon before building has started, with regular payments being made to guarantee a regular income and funding for the project - a larger, final payment is often paid after completion.
This option is similar to forward funding in some ways, with the sale price being agreed upon before the property is developed/built. However, the payment will generally be paid in full after completion, instead of beforehand.
- An open market sale is the process by which a property is traditionally sold, with an estate agent usually selling the property. The open market isn’t just designed for properties in the process of being developed/built, as it’s also used in normal house sale situations. It refers to the traditional way of selling houses, with money usually being borrowed from a mortgage lender or a bank, with the property being paid for via monthly mortgage payments.
Advisory
For our Clients, both individual and institutional, we define their investment criteria and develop real estate related investment mandates. The broader Brite family group of companies has expertise in the structuring of new investment vehicles, funds and UK Exempt Property Unit Trust (EPUT) providing a holistic investment service.
With our market knowledge we are well placed to conduct strategic reviews of existing portfolios, alongside due diligence and advice on potential investments for those building a new portfolio.
Sourcing & Execution
Brite Developments has a deep and extensive network within the real estate and private equity industries. With our knowledge of the market and prevailing economic metrics we conduct rigorous due diligence of all investments and only when we are completely satisfied would we execute.
We manage the structuring of investments, both form and holding, to be compliant with and mitigate tax liabilities for maximum efficiency.
Sourcing & Execution
Brite Developments has a deep and extensive network within the real estate and private equity industries. With our knowledge of the market and prevailing economic metrics we conduct rigorous due diligence of all investments and only when we are completely satisfied would we execute.
We manage the structuring of investments, both form and holding, to be compliant with and mitigate tax liabilities for maximum efficiency.
Asset Management
Brite Developments can actively manage and monitor investments including regulatory compliance and risk management, whilst also managing associated asset operators, legal, surveyor, FM, Lettings and others.
