Development Funding

By: St George's Finance  25/06/2014
Keywords: Development Funding

We help clients secure development funding for speculative residential building schemes: and that includes flats as well as houses. We’ll work closely with you to compile a comprehensive pack of information. The better your proposal, the higher your chance of securing finance for your development. Funding sources are limited in this market as there are only a few active lenders. However, because we’re independent, we can approach the whole of the market. So we’ll talk to our contacts in high street banks, building societies, and private banks, as well as specialist lenders. We don’t charge upfront fees. And we continue to work on a no success, no fee basis even though the development funding market is more challenging than others. Some of the funding options that may be available to you: - Senior debt up to 55% of the gross development/resale value of the completed units. This typically equates to 60-70% of total development costs - land, construction, professional fees, and interest etc. - Mezzanine/equity finance to provide up to 90% of total project costs.

Keywords: Development Funding

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