Focus On
Development Finance
| SECTOR Development Finance overview | PRIME/ EXPERIENCED DEVELOPERS | NON 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.
