Development finance supports developers that need to make significant changes to their commercial property or project which it stands on or change the purpose of the property. This could be a new build scheme, conversion, renovation or part build.
Typically lenders are looking for:
- Full details of the proposed development including
- Proposed contractor
- Build programme
- Satisfactory exit route
- Full planning consent and relevant documentation
Things to consider:
- Loan amounts are based on a percentage of the gross development value (GDV) at the end of the work.
- Development funding loans are normally for between 6 - 18 month period.
If you want to discuss the options available to you give us a call, send us an email or use our contact form and one of the team will get back to you.