Development Finance... what you really need to know...

Most development lenders typically require a proven track record, but we've successfully secured funding for first-time developers as well.

Development finance generally consists of two parts: the first part covers a percentage of the site's purchase price, while the second part funds up to 100% of the build costs, released progressively as the work advances.

Our development finance team specialises in securing funding for new builds, redevelopments, and conversions. As an independent broker, we have the freedom to work with any lender, and our strong relationships with top lenders ensure you receive the most competitive deal tailored to your project's needs.

Key Considerations for Development Finance

When considering applying for development finance, both you and potential lenders need to evaluate several factors:

• Experience: Do you have the expertise required for the complexity of your current development?

• Exit Strategy: How do you plan to repay the loan? A clear exit strategy is essential.

• Financial Stability: Lenders will assess your financial health, including your credit history and cash flow.

• Project Viability: Is your project financially viable? Lenders will evaluate the gross development value (GDV) and development costs.

• Market Conditions: Lenders will analyze external factors such as demand, economic trends, and planning constraints.

The Application Process for Funding

Applying for development finance requires thorough preparation to meet the lender's criteria. It's crucial to have a solid plan to cover costs and repay the loan. Here are the key details lenders typically request to process your application successfully:

• Deposit of 30% or more

• Good credit history

• Full details of your chosen contractor (if applicable)

• Strong proposal from our team

• Schedule of works

• Full planning details

• CV detailing your previous projects

Our Role in Securing Your Development Loan

Whether you're an experienced property developer or a first-timer, we specialize in helping developers secure the finance they need for their projects. We've successfully arranged funding for numerous development finance projects, and we can help you secure the best possible terms by:

• Assessing your specific development goals and financial needs

• Matching you with development finance lenders

• Negotiating competitive rates and terms for your project

• Streamlining the application process

• Ensuring you meet all development finance criteria

• Assisting with the preparation of key documents

• Offering guidance on exit strategies and additional security

No matter if you're just thinking about the possibility or have funding in place (let us sanity check - we could save you a fortune) or done it many times with a trusted lender. It costs nothing to have a chat and could prove invaluable.

Get in touch - drop us an email hello@developandfund.com or message via our chat or contact page.

We look forward to working with you.