Development finance allows businesses to receive funding in order to assist with the costs of construction or refurbishment on either commercial or residential properties. It is a short term loan that is given in stages.
We have lenders with funding solutions for ground up developments, redevelopments, conversions, major renovation works or light/major refurbishments.
Some lenders would finance up to 100% of the build cost and 70% of end values (GDV) dependent upon the nature of each project.