Property Development Finance
0808 169 1090
Sourcing suitable development finance can be a mindfield, particularly at short notice. We are very experienced in this field of finance and will secure the right lender dependent on the project, it is important to be well prepared and have a broker who understands property development. We are well placed to source and arrange the required funding at the most competitive rates and work by your side to completion of any project.
Property Development Finance - FAQ's
Development finance is a short-term loan facility used for all types property developments. From single residential unit renovations right up to large-scale, ground-up development schemes and mixed-use properties.
Any individual or limited company can apply for development finance.
Development finance can be arranged for residential properties like townhouses and flats, new builds and terraced houses, commercial properties such as warehouses, factories, shops and offices, as well as semi-commercial or mixed-use developments.
There is no maximum borrowing when it comes to development finance. Development finance is typically reliant on a valuation assessment of the project that is planned, including all costs to complete the project against the Gross Development Value (GDV).
Typically, the loan cannot be taken altogether upfront, but is drawn-down at certain agreed stages of the development. The lender will insist upon this, and interest is usually charged and rolled up at the start of the project for an agreed period of time. Should the project complete and be sold or refinanced before the end of the agreed development term, the interest for the surplus period will be back calculated on redemption.