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Property Development Finance

Finance to purchase and/or develop commercial or residential land and property.

In the current market conditions lenders are reducing the amount they will lend against development property and increasing their interest rates and fees. More than ever, now is the right time to instruct Benoy Commercial Finance to find the best deal available.

  • Finance is generally drawn down as the property development proceeds through the different stages. Lenders expect to instruct a professional to monitor the work at each stage and confirm interim drawdowns on the loan. 
  • You can expect to borrow up to 70% of the value of the land and 70% of the cost of the project.
  • Lenders will usually provide relatively short-term finance typically for 12-18 months.
  • Finance is repaid on the sale of the completed project. Re-finance may be arranged if it is subsequently decided to retain the property as an investment.

Contact us if you would like to know more about Development Finance.