Finance For Property Development

Bespoke Finance can assist in arranging appropriate property development finance.

All lenders say they do property development finance, but only a few do it well.  There can be big differences in the level of presales required, interest coverage ratios, loan to value ratios and practical experience between these lenders.

The feasibility of your project can be affected by settling for inappropriate finance terms.

A lender is looking to reduce risk in three areas:

1. Sales - are there presales of the units or land, how much deposit is held, has developer done this before?
2. Construction - Who is the builder, their experience, a fixed price contract?
3. Approvals - are there development, building or environmental approvals in place?

There are no hard and fast rules about property development finance.  Each project is assessed on its own merits.

Call Bespoke Finance today to discuss appropriate development and project funding options.