Financing Property Development Projects Using Private Funds for Better Returns and Faster Turnaround
The need for funding on any property development can often be a difficult and tedious task. Historically banks taking months, before changing the goal posts with tedious requirements at the 11th hour resulting in cashflow strains or even making the project no longer viable.
Frustrating delays attracting additional costs in turn reducing margins, from valuation and monitoring surveyor fees to
entry / exit and high solicitors’ costs incurred by last minute demands. From experience, additional accumulated costs can total up to 20% including interest PA.
We recognise a timely and logical lending criteria with an understanding of flexibility required for the property development sector to be front and centre. Utilising our own as well as the support of private investment funds, we arrange loans to property developers and investors secured against property - completely removing the need to deal with banks! Private funders become invested in each project day one eliminating any room for last minute changes and offers only presented once guaranteed funds are in place.
Decisions in principle can be provided within 48 hours with funds drawn down from 7-28 days subject to type of security offered, legal searches and solicitors timescales – working with an experienced property solicitor being critical. Funds can be utilised for acquisition or development of property with the flexibility of 100% or staggered drawdown accommodating each development stage with interest paid monthly in arrears.
Having extensive experience in property development, we take the time to understand every borrower tailoring the right funding solution ensuring each project can be delivered within time and budget. Should unexpected delays be experienced, we can look to extend terms to support where possible.
After the first project completes, we are confident you will look to use us again
