PROPERTY DEVELOPMENT

Property development finance refers to a type of funding that is intended to assist with new construction, partial construction, or extensive renovations. Property developers, investors, and landlords commonly utilise this form of financing, known as a property development mortgage, to acquire the necessary capital to move forward with their projects.

The following are the different types of funding and property types that are supported by our services:

Funding Types

Property Types

  • Residential
  • Offices & Hotels
  • Industrial & Retail
  • Student Housing
  • Retirement Living

We also provide financing options for various property development projects, including:

  • Land with or without planning permission
  • Commercial to residential conversions
  • Commercial & Residential development schemes
  • Development exit finance
  • Financing for pre-sold off-plan development projects

Our financing options cater to both first-time developers and professional builders.

FREQUENTLY ASKED QUESTIONS

What is property development finance?

Property development finance is a type of funding specifically designed to support real estate development projects. It provides developers with the capital needed to acquire land, undertake construction, or refurbish existing properties. This form of finance typically covers costs such as land purchase, construction expenses, and other related development costs. The loan is repaid once the project is completed and generates income, either through sales or rental returns.

How to get finance for property development?

To secure finance for property development:

1. Assess Project: Clearly define the scope, costs, and potential returns of your development project.
2. Create a Detailed Plan: Develop a comprehensive business plan, including project timelines, cost breakdowns, and revenue projections.
3. Research Lenders: Identify lenders specialising in property development finance and compare their terms and interest rates.
4. Collateral: Be prepared to offer the property being developed as collateral for the loan.
5. Creditworthiness: Demonstrate a strong financial position and a track record of successful developments.
6. Loan Application: Complete the lender’s application process, providing all necessary documentation and project details.

Who is eligible for development finance?

Eligibility for development finance varies among lenders, but some general criteria include:

– Experience: Lenders often prefer developers with a proven track record of successful projects.
– Financial Stability: A strong financial position and positive credit history enhance eligibility.
– Project Viability: A well-researched and feasible development plan increases the likelihood of approval.
– Collateral: The property being developed is commonly used as collateral.
– Business Plan: A detailed and compelling business plan showcasing the project’s viability.