This can be arranged as a short-term loan for residential property developments, to help buy land or complete construction. It is then redeemed by either the sale or refinancing of the developed asset.
Given that short-term loans, including development finance, are typically more expensive forms of borrowing, it is important to consider your exit strategy before committing to a finance package. For example, if you expect to be able to refinance by a particular date, but development work is held up because of a planning issue or utility delay, then you could be left at risk if that delays your ability to get a new finance deal approved.
Please note that specialist finance of this type is not usually FCA regulated, therefore our funders can afford to adopt a more flexible approach when it comes to assessing deals. Whatever your situation, give us a call to see if we can help.
As an FCA-regulated broker we will only recommend development finance if it is appropriate for your particular circumstances. If it is not, we may still be able to suggest alternative options for short-term finance that are more suitable.
The quickest way to have your short-term finance enquiry assessed is to telephone one of our advisers on 01738 583008 or complete the online enquiry to start the ball rolling.
Commercial Mortgages up to 75% LTV are also available, with funding available from both High Street and off-High Street or non-traditional lenders.
If you have landed on this page and you are not a direct client looking for a lending solution, perhaps you are interested in introducing business to us? If so, please call now for more details or follow the Introducers Link.