Finance For Development Projects
We can help you secure the best finance for your development project.
It does not matter if as a property developer; you build one house at a time or fifty. We can help to secure the right amount of finance, quickly with clear terms so that you can ensure the project reaches its completion.
If you run multiple sites at once this is not a problem either, give us a call to find out more.
What is Development Finance?
Many people who have not used development finance before often get it confused with another type of finance called bridging. Bridging usually only has one drawdown and is secured on property and/or land.
Development Finance is secured on the project site and possibly other security. The funding takes into account the whole project so will often mean a larger amount can be borrowed than if just bridging finance was used. It will have multiple drawdowns at different stages of a project and will often involve regular checks by the funder throughout the project, in many cases before additional funds are released.
Why use Development Finance?
Development Finance has the following benefits,
- Takes into account the whole project, not just the current state.
- Can have more than one project running at once.
- Can have interest rolled up, so no payments to make while building.
- Can refinance once the project is completed, if plans change.
- Releases money in stages.
- Often cheaper than bridging finance.
How we do it
By dealing with us directly, we make seeking the right funding deal for your business as quick and easy as possible. By cutting out the endless contact with multiple banks and finance providers, you can focus your attention where it belongs, on your business.
We will then put together the pros and cons of each offer to clearly outline the terms and conditions so you can be confident there are no hidden agendas.
Get In Touch
Main Office
Park Farm Hotel
Norwich Road
Hethersett
Norwich