Property development finance is typically structured so that funds are released at agreed phases of development, redevelopment or refurbishment of residential, commercial or semi-commercial property, for example:-
Loan interest is typically rolled up during the construction phase and is repaid at an agreed stage, typically at an agreed interval following completion of the development, allowing time to refinance or sell the buildings. Hence there could be no interest nor loan repayments due until the property is completed and either sold or re-financed. The development loan rates and terms available to you will depend upon your individual circumstances and the nature of the project in which you are intending to invest. Some lenders will even consider funding 100% of the cost of the development if sufficient additional security can be pledged to satisfy a lenders appetite for risk.
Lenders will consider proposals for property development finance on both brownfield and greenfield sites, and on both a speculative and pre-sold/pre-let basis.
Experience, market knowledge, excellent presentation skills and industry contacts are vital when it comes to knowing which lenders to approach for your bespoke finance requirements. We have been offering all of this to our clients since 1990.
Our specialist Commercial Finance Brokers are all members of the NACFB (National Association of Commercial Finance Brokers) and have established relationships with lenders to assist you in securing the funding you require. Their objective is to negotiate the best available terms for your development loan requirements on your behalf.
*Your request for contact will typically be followed up the same day during office hours.
If you have any questions please do not hesitate to contact us 9-5 Monday to Friday: 01603 428500