What Is Property Development Finance?

Hertfordshire Business Funding are a funding broker with strong relationships with a wide range of lenders across the UK and overseas. Here we will be discussing; What Is Property Development Finance?

Property Development Finance is a type of funding typically for larger scale projects with funds available for both new builds and rennovations. Hertfordshire Business Funding work with a wide range of development finance providers and in particular can provide property development finance facilities for residential developments, commercial developments and mixed-use developments.

Property Development Finance is normally available for medium and larger schemes, with typically facilities available from £250k upwards. For smaller renovation projects, renovation financing is available, along with bridging finance. If you are interested in this area please contact us via our website.

How Much Can I Borrow With Development Finance?

There are a wide range of different funders which provide development finance. Each lender will have different terms, and a general rule of thumb is that the more that you borrow, the higher the cost.

Hertfordshire Business Funding specialise in securing funding facilities for more complex, and higher Loan To Value (LTV) development finance. We are able to achieve up to 75% LTV and 100% Loan To Cost (LTC) in certain circumstances for experienced developers with sites which have high margins (30% margin on cost ).

Property Development Finance Facilities are typically available from £250k , up to £30m or above in certain circumstances.

Development Finance is normally drawn down in phases, so there will be an initial phase which will pay for ground-works, then phases when other agreed milestones are completed. Typically a surveyor will be appointed to confirm that the milestones have been achieved.

Property Development Finance Terms

Property Development finance is typically available from 6-24 months.

If you are interested in securing property development finance in Hertfordshire for a property development that you are working on, please feel free to contact a member of our team today. We would be very pleased to assist.

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