Property Development Finance can be arranged by Pure Funding Solutions on both Residential and Commercial properties and on Land.
Do you have?
- Planning permission on a property or land site
- Proven experience on other successful development projects
- Full build cost schedules and breakdown of required funds
Funding can be arranged for experienced Developers, Individuals, Partnerships and Limited Companies.
As with all finance arranged by Pure Funding Solutions, our aim is to secure the best terms with the most competitive rates to meet your bespoke needs. We also have specialist lenders on our panel who sometimes have more flexibility than the conventional mainstream banks.
Development Finance is usually arranged on an Interest only basis and depending on the nature of the project can be arranged for a term of between 3 to 18 months. After the development has been completed, some of the banks may even look to take on the loan as a full term commercial mortgage.
Want to benefit from?
- Rates can start from as little as 4.5% for a 12 month term
- The loans are interest only and all costs can be deducted from the advance
- Loan advances are usually based on the Gross Development Value (GDV) and are usually between 55% to 65%
- Funding can be towards the purchase price of the site with 100% towards the build costs
Pure Funding Solutions understands that development funding is a bespoke market and with the current market volatilities, our market knowledge of this sector is one of our key strengths. We will ensure that through the relationships we have built with our panel of lenders, you will receive the best possible rates and terms to suit your needs and requirements.