Draw down funds as your refurbishment progresses — access more as each stage of work is completed, then repay the facility in full once the property is sold or refinanced.
A revolving credit facility suits developers who need to draw down funds in stages as a refurbishment progresses, rather than taking the full amount upfront.
Draw an initial amount to begin the refurbishment, then access further funds as each stage of work is completed — rather than committing to the full facility from day one.
Interest is typically charged only on the amount drawn at any given time, not on the full facility limit.
Once the refurbishment is finished, the facility is repaid in full through the sale of the property or a refinance onto a standard mortgage.
Property details, scope of works, and the total facility size needed to complete the refurbishment.
We match your project against providers experienced in staged refurbishment drawdown.
A total facility limit is set, and an initial amount is drawn to begin the works.
Access further funds as each stage of the refurbishment is completed, up to the agreed facility limit.
Once the refurbishment is complete, the facility is repaid in full through sale of the property or refinancing onto a standard mortgage.
A standard development loan is typically drawn in pre-agreed tranches against a build schedule. A revolving facility gives more flexibility to draw down as work actually progresses, rather than being tied to fixed drawdown dates.
You draw an initial amount to begin the works, then access further funds as each stage of the refurbishment is completed — continuing to draw down as needed until the project is finished.
Typically no — interest is usually charged only on the amount you've actually drawn at any given time, not on the unused portion of the facility.
Once the refurbishment is complete, the facility is repaid in full — typically through the sale of the property or by refinancing onto a standard mortgage.
Ace Finance UK arranges unregulated finance products only. A revolving credit facility is a flexible commercial credit product; facility limits, interest rates, and terms vary by provider and business profile. Nothing on this page constitutes a funding offer.
Ace Finance UK is not authorised or regulated by the Financial Conduct Authority. We do not arrange regulated activity of any kind and do not provide regulated financial advice.