Property development finance is a specialised short-term loan crafted to expedite the progression of residential property developments, extending vital financial backing across multifaceted stages of the development lifecycle. This comprehensive financial solution encompasses a spectrum of essential functions, from land acquisition, construction endeavors, to the eventual culmination of the project.
Property development finance plays a pivotal role in residential property ventures, facilitating smooth progression and strategic resource allocation. This tailored financing option empowers developers to overcome challenges, realize visions, and unlock the full potential of real estate initiatives. Through collaboration and planning, it drives sustainable growth, fosters innovation, and reshapes the residential property landscape.
How does development finance work?
Development finance operates differently from traditional mortgages. Lenders evaluate the anticipated value of the property upon the completion of the development project for development loans.
Do you need a deposit for a construction loan?
Minimum deposit.
For construction loans, you’ll need to have at least a 5% deposit of the property’s projected value (Lender’s Mortgage Insurance will apply).
