Funding can be arranged for individuals, builders and developers, partnerships and limited companies. A development facility provides the finance to purchase or refinance (if already owned) a development site or property, in addition to construction costs plus associated fees and interest cover.
Our aim is to secure the best funding solutions available to meet your clients bespoke needs. With the specialist lenders on our panel we have more flexibility than the conventional mainstream banks in obtaining the right deal.
Development finance rates achieved through our specialist lenders are generally higher than from conventional lenders due to the added risk i.e. non-status, and the short-term nature of the loans.
Development finance is usually arranged on an interest only basis and depending on the nature of the project can be arranged for a term of 6 months plus.
Each development finance deal is individually priced and dependent on the client’s experience and the project that is being proposed.
100% funding is available to experienced developers in both the residential and commercial sector who are undertaking refurbishment, conversion or new build projects.