Our team at Global Finance Brokers Ltd will be able to negotiate terms from our extensive relationship with lenders.
We can arrange finance up to 90% of the overall project costs (site cost + build costs) for all types of development projects – large or small. From a single new house, to residential apartments in a warehouse conversion, or larger scale housing developments.
These are the areas of development projects we can advice on funding for:
- New blocks of apartments
- Warehouse conversions
- Residential housing developments
- Single house, or barn conversion
- Construction of additional storey on existing block
- Commercial developments
- Mixed use – retail units with flats above
- Industrial units and offices
All developers are welcome, as long as a team of professional builders is contracted, who can provide one of the recognised new-build warranty schemes, such as NHBC or Premier Guarantee.
Parameters of Development Finance:
Normal funding arrangements would be between 50% – 65% against site purchase, or site value, plus up to 100% of development costs. A pre-agreed draw down of funds is made at various stages throughout the build process to minimise the cost. In some cases, we can provide ‘top-up’ loans or Mezzanine finance, as it’s known. This can increase the overall funding to 90% of the total development costs, including site purchase.