Development Finance

Are you looking for development finance – specifically aimed at funding construction

Are you looking for development finance – specifically aimed at funding construction, whether it is a single building or a much larger project? These facilities are released gradually as the project proceeds.

It can be a new-build, refurbishment or a conversion – finance is available.

Finance is available whether you are building a block of apartments, an estate of individual properties, an industrial unit or even a shopping precinct. In these situations financiers use the development as security and lend in stages so that in theory their security is enhanced as they drip-feed money into the project.

  • Up to 100% of building costs covered
  • Advanced in agreed stage payments
  • Up to 60% GDV
  • Interest and fees “rolled up” and paid on completion

Lenders will want to identify an exit route at the outset and would generally look to offer facilities for between 3 – 24 months. Repayment is usually achieved either from sale of completed units or conversion to a long term loan to be serviced perhaps from rental income.

Projects would normally be undertaken by experienced developers with a proven track record and stage payments made against certificates issued by and architect / QS.

At WF Finanical Solutions we work closely with a wide range of finance providers so we are well placed to offer you the dest finance deal.
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