Catalyst Property Finance has launched a development finance product with tracker rates from 5.25% + BRR.

The new offering targets residential and mixed-use schemes up to 20 units across England and Wales.

The lender is offering leverage of up to 85% loan-to-cost (LTC) and 65% LTGDV, with loan sizes ranging from £250,000 to £5,000,000.

Every development finance application is managed by a dedicated BDM and underwriter from enquiry through to completion.

Catalyst Property Finance chief executive Chris Fairfax says: “We have built amazing resources for understanding and processing refurbishment risk of all natures, and we look forward to applying this knowledge to assist developers to succeed with small-to-mid market ground up schemes.”

“With dedicated institutional development funding, this is not a bridging or refurbishment capital disguised as development finance – we have focused on delivering a senior stretch proposition that balances higher leverage with leading interest rates and fees.”

Meanwhile, sales director James Farge adds: “Catalyst has built a strong reputation for delivering for both our borrowers and intermediary partners across bridging and refurbishment finance. We are now bringing this same relationship-led approach to our ground-up offering, supported by enhanced pricing and greater flexibility.”