For those who aren’t aware, development finance is essentially a short-term loan designed to help those who need extra funding during a development project. Whilst you may have gone into the project with a strict budget, you may have hit unexpected bumps in the road which has caused significant financial damage.
In order for the project to be completed, development finance can help ease the burden and get the job done. Although the majority of lenders require planning permission there are a few lenders who will lend without planning permission.
Development finance can help with
- Housing developments
- Restoration projects
- Apartments and flats
- Retail units
- Part completed developments
- Commercial developments
- Holiday accommodation
- Fitness Centres
You must be able to provide the lender with all the requested and relevant documents so the lender can assess the viability of the project. If you are still awaiting planning permission, our team will be able to help arrange your application while you wait.
If you would like to learn more about development finance or to find out more about how we can help, take a look around our website and get in touch today.