A development exit bridge is a type of loan that is used to repay the existing development lender. In situations where clients have a limited marketing period left on their development facility, these facilities allow our clients more flexibility in the sales cycle. As well as extending the sales cycle our exit providers allow any capital raised over and above the current development facility to be pulled out as equity for further projects. Claydon Hill has access to exit loans from 3 months to 18 months depending on how many units need to be sold; while also providing term loans for properties that will be retained. The costs associated with an exit bridge are often much lower than that of the development lender with rates starting from 0.45%.