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PMJ Capital development finance review

PMJ Capital offers ground-up development loans for UK property projects, funding land acquisition and construction across new build, conversion and mixed-use schemes. This guide explains the published loan range and term, and the costs and project details to check before applying.

By Funding Fred · Sources checked 19 September 2026

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Our enquiry compares selected Funding Fred partners. It is not an application directly to PMJ Capital. Funding Fred is an introducer, not a lender.

Potential fit

Who could consider PMJ Capital?

  • Developers planning a new build scheme on land they own or are acquiring, where the loan needs to cover both purchase and construction stages.
  • Borrowers with conversion or mixed-use projects that fall within PMJ Capital's advertised scope, subject to the lender's own assessment of the scheme.
  • Projects with funding needs broadly within the £100,000 to £5 million advertised range, where a 24-month build and exit timeline is realistic for the plans in place.

Worth weighing up

When to consider other options

  • The scheme needs funding outside the advertised £100,000 to £5 million range, or a build programme longer than roughly 24 months.
  • The project is already finished and simply needs refinancing or a sale bridge, PMJ Capital lists finish-and-exit and development-exit as separate products from ground-up finance, so the mechanics and criteria differ.
  • A clear, evidenced exit strategy isn't yet in place. Development lenders generally need to see how the loan will be repaid, whether through sale or refinance, before construction even begins.

Understand the offer

Costs and repayments

Published PMJ Capital material does not set out a universal interest rate, arrangement fee scale or drawdown schedule for the ground-up product. Development finance pricing typically reflects loan-to-cost, loan-to-GDV, project risk and the borrower's track record, so figures vary case by case. Anyone reviewing this PMJ Capital development finance review for cost planning should treat any online rate as indicative at best and request a written quote before assuming affordability.

Ground-up loans are usually drawn in stages against build progress rather than paid as one lump sum, though PMJ Capital's exact drawdown mechanics for this product are not confirmed here. Staged funding means costs and interest exposure build gradually alongside construction, which is different from a single-advance loan.

Borrowers should also expect standard development finance obligations such as monitoring surveyor involvement and professional fees, though the specific charges attached to PMJ Capital's ground-up product are not detailed in the available source material. For a fuller sense of what typically sits alongside headline interest, see this breakdown of development finance costs, exit fees and legal charges.

Eligibility and application

PMJ Capital's public information positions the ground-up product around UK property projects with land acquisition and construction costs, spanning new build, conversion and mixed-use schemes, within the £100,000 to £5 million range. Beyond scheme type and geography, no further underwriting criteria, such as minimum experience, deposit levels or credit requirements, are confirmed in the material reviewed.

Enquiries for this product would typically be directed through PMJ Capital's own channels rather than a generic loan form, given the project-specific evidence development lenders usually require. Before approaching any lender, it's worth preparing planning status, cost breakdowns and projected value, as outlined in this development finance application checklist.

Advantages to weigh up

  • Covers the full build cycle, from land acquisition through to construction, rather than only one stage of the project.
  • Supports multiple scheme types, new build, conversion and mixed-use, under one advertised product category.
  • Loan range stretches from £100,000 to £5 million, covering small infill sites through to larger developments.

Limitations to understand

  • No published rate, fee schedule or drawdown structure means costs cannot be estimated without a direct quote.
  • The 24-month typical term may be tight for schemes facing planning delays, supply chain issues or extended build programmes.
  • Completed schemes need separate finish-and-exit or development-exit arrangements, so ground-up finance alone doesn't cover post-completion refinancing.

Look at the wider picture

Comparing the alternatives

Because PMJ Capital hasn't published a full rate card for its ground-up product, comparison against other lenders has to happen at the quote stage rather than from advertised figures alone. Two written offers covering the same loan size, term and drawdown structure are the only reliable way to compare true cost and flexibility.

Development finance structures also vary meaningfully between lenders, some advance funds against fixed build stages, others against surveyor-verified progress, and exit requirements differ too. Reading through a general development finance guide alongside any PMJ Capital quote helps frame whether the terms offered are typical for the scheme type and loan size involved.

OakNorth

property development finance

Minimum lending: £1 million.

Read review

Paragon Bank

Property development finance

Audience: Experienced developers.

Read review

Goldentree Financial Services

Development finance

Amount: £100,000–£10 million advertised.

Read review

Product features checked against each provider’s UK website. These are comparison pointers, not a price ranking or a promise of eligibility.

A little more clarity

Your PMJ Capital questions, answered

Costs, eligibility and the details to check before applying.

It funds land acquisition and construction costs for UK property projects, covering new build, conversion and mixed-use schemes, according to PMJ Capital's published product page.

How we put this guide together

This is a review of published UK product information, not a customer experience or a hands-on test. We have not assigned a star rating. This guide focuses on PMJ Capital — Ground-up development finance. Other products may have different terms.

Sources checked 19 September 2026. Your written offer determines your actual costs and conditions.

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PMJ Capital development finance review: Costs & Eligibility