Property Development Loans
What are Property Development loans?
Property development loans come in all sizes and developers can either be very experienced or have little experience, for some, it may be their first project. Development loans are specifically designed to specifically help you with costly expenses that come with a development project.
As a developer, you need finance. The big question is what is the project and at what stage is the development. We need to understand the type of property loan required, is it a ground up development, part built, conversion, renovation or a new build.
Is the development residential, purely commercial or mixed use?. Of course, this is not the only information required, but at this stage, the picture is beginning to form and we are starting to get an idea of the sort of product that might be required. Land without Planning Permission is not impossible to fund, but can be challenging as there is specific lending criteria that is involved with property development loans and a specific process that needs to be followed. If you’re wondering what options are available for you we would be more than happy to advise. Get in contact with us today to find out more about property development loans.
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