Property Development Finance

Property Development Finance is available to cover the purchase of land and the cost of development including infrastructure, site costs, build costs and marketing costs.

Property and land development often requires a mix of short and long term finance to acquire sites, build new properties, refurbish existing properties and purchase land. This can range from small scale refurbishments to mulit-million pound new build projects.

Loan to value rates and interest rates vary dependant on experience and % of funds required for development. Usually lenders are prepared to advance up to 70% of Purchase price and 70% of development costs for experienced developers without extra security (with additional security up to 100% funding is achievable) and sometimes up to 100% of Purchase price and 100% of build cost depending on status and project viability. Development Finance can be raised for both residential and commercial developments.

The funds can generally be drawn down as and when needed with variable rate finance options (agreed at the outset), loan interest payable monthly or quarterly, and flexible loan repayment periods to meet requirements.