Mezzanine finance for Stevenage developers
Second-charge development funding to 90 to 95 percent of cost, priced against Stevenage's own evidence: 721 recorded sales in the last 12 months and 9 units in live planning applications. We lend from our own book and arrange whole of market where that serves you better.
The Stevenage market, in numbers we underwrite from
A mezzanine loan is a view on whether a scheme will sell at the price its appraisal claims, so every Stevenage deal starts with the local evidence. Over the last 12 months the town recorded 721 sales at a median of £345,000, up 3 percent year on year.
What Stevenage stock actually sells for
| Property type | Median sold price, 12m |
|---|---|
| Detached | £558,500 |
| Semi-detached | £390,000 |
| Terraced | £335,000 |
| Flats | £197,500 |
HM Land Registry price paid data, trailing 12 months, refreshed 5 July 2026.
Live planning activity at Stevenage Borough Council
Over the last 3 months our monitors logged 1 relevant applications, 0 approved and 1 awaiting decision. Together the live residential applications propose 9 units with an estimated end value of £3.1m.
Schemes moving through planning now
| Proposal | Units | Status |
|---|---|---|
| Residential development of between 7 and 9 dwellings | 9 | Awaiting decision |
Sourced from Stevenage Borough Council public register. If one of these is your scheme, we already know the context.
Gap funding for Stevenage schemes
The structure is the same one we write everywhere: your senior lender keeps first charge and funds the majority of cost, our mezzanine finance takes a second charge over the next slice, and your equity requirement falls, typically from around 35 percent of cost to 5 or 10. Terms run 6 to 36 months, pricing is indicatively from 12 percent a year, and a complete enquiry gets a term sheet inside 48 hours. Model a Stevenage scheme with the leverage calculator, or see the wider county picture on our Hertfordshire page and the national view in the UK development pipeline tracker.
Indicative terms in Stevenage
- Loan size£250k to £5m
- Combined leverageUp to 90 to 95% LTC
- Term6 to 36 months
- PricingFrom 12% a year
- SecuritySecond charge plus PGs
- DecisionTerm sheet in 48 hours
Indicative only; every loan is priced case by case.
Mezzanine in Stevenage, answered
Do you fund developments in Stevenage?
Yes. We lend second-charge mezzanine on residential and mixed-use schemes in Stevenage and across Hertfordshire, typically taking combined leverage to 85 to 95 percent of cost alongside a senior facility. Where a case suits another funder better, we arrange it whole of market.
What does the Stevenage market look like right now?
Over the last 12 months Stevenage recorded 721 sales at a median of £345,000, up 3 percent year on year. The live planning pipeline holds 9 units with an estimated GDV of £3.1m. The figures on this page refresh as the underlying Land Registry and planning data updates.
How quickly can a Stevenage scheme get terms?
A complete enquiry gets a considered credit view and term sheet inside 48 hours, and typical enquiry to drawdown is 4 to 6 weeks, run in parallel with your senior lender.
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View St Albans →Building in Stevenage?
Share the scheme and get a term sheet in 48 hours, underwritten with the same Stevenage evidence on this page.