Construction and development projects of all sizes need funding, which is usually provided through the use of development finance.
For property development and construction projects, development finance is usually the preferred funding method because it is specifically designed for this use.
A development loan can help with funding the purchase of the land or existing property to be developed and then provide finance to help fund the construction or restoration work.
The amount of capital that can be raised is based on the value of the security.
Benefits of Development Finance:-
- High LTV’s - loans up to 80% of costs, including the purchase price and development costs.
- Minimum loan size from £100,000.
- Interest Rates & Fees priced on a deal by deal basis.
- Interest can be rolled up to project completion – reducing monthly/quarterly costs for you
- Funding terms up to 24 months.
- Hassle free – help with initial configuration and monitoring during draw downs.
