What is property development finance?
Property development finance is short term funding for many different types of property based projects.
It is similar in nature to a bridging loan as it is short term finance that can be arranged quickly. Typically, loans are available to fund the land/building acquisition and the development costs, over a six to eighteen month period.
Funding for the development costs will be in stages as the build progresses. You will usually pay only the loan interest during the term with the lender requiring full repayment on completion of the project or exit plan.
The funds raised can be used to purchase and build on land, for renovations and conversions and also for property auction finance. The completed project can be residential such as family homes or commercial such as shops and offices.
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