Development finance is a loan advanced towards the purchase of land or building work. We can assess your case and tailor a solution to the needs of your project.
How does development finance work?
Funds are advanced upfront initially as a short-term loan towards land purchase followed by draw-downs in staged payments for build works. Loans are calculated based on the predicted value of the property at completion with factors such as project type, developer experience, level of build cost, and equity taken into account.
It’s very important to consider development finance with a strategic mind-set. By doing so, it can improve the financial status of your project, how each choice of product influences the outcome, and helps to define the structure of your case.
What can this type of property finance be used for?
Typical property development schemes include:
Houses of Multiple
Why use property finance brokers?
Working with a broker with the right relationships to navigate the market, can greatly increase the likely-hood of making a successful application. We can help you to identify the right deals from our well-researched lender panels, whilst facilitating the flow of information as a go-between. We know each lenders’ criteria inside out, how they operate, and importantly, when presenting a case, what works and what doesn’t.
Supporting property development finance
We recognise that detailed customer service is what really makes our broking solution most useful! So, you can be certain when considering your development finance options you’ll get the back-up you need in every respect. From sourcing and structuring deals through continuous application support and the timely release of funds, through to a smooth exit.
Case study: Development loan supporting a timber frame construction
We have been working with these guys for a while now, and have tried and tested many others firms prior to and during – don’t bother going anywhere else. These guys are heads and shoulders above the rest.
They won’t let you down; they deliver consistently and professionally, and always with the best solution.