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Development Finance

SECTOR Development Finance overview PRIME/ EXPERIENCED DEVELOPERS NEAR PRIME/ LESS EXPERENCED COMMENTS
Residential
Development
65% land and 65% development costs 60% land and 60% development costs Evidence of prior developments completed satisfactory required

Can increase subject to additional security but would still expect some cash to used as deposit Can obtain up to 100 % development costs
Commercial Development

Speculative developments difficult to fund if not pre let/pre sold

Tips

  • Please refer to our intelligent DIP (new cases) for details of the key information required on any new case. This will help.
  • Experience is very important; provide a detailed CV and examples of completed projects.
  • Provide sales particulars of any land/buildings being purchased together with costings/building quotes etc.
  • Three years accounts ideally to be provided.
  • Is planning in place? Without this or appropriate consents re any change of use raising finance currently is very difficult.

Good news – we have specialist lenders as well as high street lenders.