Development Finance Overview
The majority of developers want maximum funding at the cheapest rates and the Development Finance market is complex at best.
Demand for housing, land shortages and a procrastinated planning process have meant that sites for development are in high demand. This has resulted in the lenders being as keen as ever to do business although the effects of the 'Credit Crunch' has resulted in lenders tightening lending criteria.
For a lender to finance a development, it must have the appropriate planning permission. A lender will approve finance if the scheme has detailed planning permission.
Source Commercial Finance can help guide you through this often frustrating option with bespoke advice and specialist advisers, we aim to get you the finance you need.
Please use this link to contact one of our Advisers