If your business is involved in property development then you are likely to require finance of some kind to assist you. Development finance is the likely solution.
This type of finance is provided for a variety of property related developments including the purchase of land, costs relating to the site’s development and building works to name but a few.
You can access the funds in arrears in monthly stage-payments with these having been agreed in advance with the lender concerned although you can usually expect some flexibility on the lender’s part if things don’t quite proceed to plan with the development. This will be a big help to your cash flow.
There are variable or fixed interest rate options and interest is payable either monthly, quarterly or can be added to the loan and repaid once the proceeds are forthcoming from the sale of the development.
Below are some examples of what development finance can be provided for: –
- Residential development
- Commercial development
- Purchase of land
- Brown field and green field development
- New Build
- Renovation and conversion projects
We look forward to hearing from you so that we can play our part in helping you on the way to raising the finance you require.