{"id":6325789,"date":"2022-02-21T16:52:45","date_gmt":"2022-02-21T16:52:45","guid":{"rendered":"https:\/\/beta.project-progress.net\/projects\/bespoke\/?page_id=6325789"},"modified":"2022-02-23T14:05:21","modified_gmt":"2022-02-23T14:05:21","slug":"development-finance","status":"publish","type":"page","link":"https:\/\/beta.project-progress.net\/projects\/bespoke\/development-finance","title":{"rendered":"Development Finance"},"content":{"rendered":"[vc_row el_class=”decoration-top”][vc_column css=”.vc_custom_1601043676477{margin-bottom: 00px !important;padding-top: 0px !important;}”][vc_empty_space height=”120px” el_class=”norebro-phone-space”][\/vc_column][\/vc_row][vc_row full_width=”stretch_row” el_class=”service-section-blk”][vc_column width=”2\/3″ el_class=”service-content”][vc_row_inner][vc_column_inner width=”1\/2″]
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\n\t\tDevelopment Finance\t<\/h2>\n\n\t\n\t\t\n<\/div>[vc_column_text]Development finance is a loan granted for the development or refurbishment of residential, commercial or mixed-use properties. Development finance is often granted to experienced builders and developers so that they can raise the capital to turn their building aspirations into a commercial reality.<\/p>\n

Lenders will offer a loan based on the predicted value which is also known as growth development value (GDV), of the development once it has been completed. Within the development cost, the interest, site cost and construction is all funded. The borrower will need an exit strategy outlined whether that will be via a sale or refinance e.g Mortgage. Development loans are available for up to 24 months depending on the development time scale. Individuals, partnerships and limited companies are all eligible to apply for this type of loan.[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/2″]

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\n\t\tWhy Choose Development Finance?\t<\/h2>\n\n\t\n\t\t\n<\/div>[vc_column_text]Development finance is necessary for builders and developers who require the capital to finance larger scale projects, in predominantly the residential and commercial sector. Development finance can be utilised to avoid tying up substantial amounts of your cash and budget until the end of the project where the land or property is either refinanced or sold. With a free up of capital, you are then able to move onto another building project much quicker.<\/p>\n

Another benefit of development finance is that the return on investment rate will be greater if you are investing less capital at the start of the finance agreement. To begin with, the cost of the financing will have to be payed from the profits generated from the point of sale. However, in the long-term, the actual rate of return on the initial investment will be much higher.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”75px” el_class=”norebro-phone-space”]

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Free Up Your Capital<\/h4>\n\t\t
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[vc_column_text]Helps to avoid tying up your funds in the building project, making it easier to progress with development.[\/vc_column_text]<\/p>\n\t\t<\/div>\n\t<\/div>\n\n<\/div>

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Increased ROI<\/h4>\n\t\t
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[vc_column_text]Expect a greater return of investment (ROI) using less capital.[\/vc_column_text]<\/p>\n\t\t<\/div>\n\t<\/div>\n\n<\/div>

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Staged Repayments<\/h4>\n\t\t
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[vc_column_text]Repayments are made at agreed stages throughout the building project, ensuring adequate cash flow throughout.[\/vc_column_text]<\/p>\n\t\t<\/div>\n\t<\/div>\n\n<\/div>\t\n<\/div>[\/vc_column][vc_column width=”1\/3″ el_class=”fixed-right-img”][vc_single_image image=”6325798″ img_size=”medium”][\/vc_column][vc_column][vc_empty_space height=”75px” el_class=”norebro-phone-space”]

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\n\t\t\tGet in touch\t\t<\/p>\n\t\n\t\n\t

\n\t\tSee How Development Finance Can Help\t<\/h3>\n\n\t\n\t\t\n<\/div>[vc_empty_space height=”15px” el_class=”norebro-phone-space”]
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