Investors and developers might want to buy property that is still in development, but they are not able to obtain funding from their bank. A bridging loans are a good alternative.
This short-term loan can be used to finance a new development project, before the existing project is sold. You can also use it to allow developers some time to complete minor work and find buyers.
Refurbishment loans can be used to bridge finance for property renovations. It can be used to make various improvements such as a new roof, general structural modifications, construction of an extension, refurbishment, or decoration.
You should have your land secured, and have a good idea of the final values and costs, and then you can call us to discuss the development project. During the call, we will review your financial situation and discuss the best financing products that suit your needs.
Nearly all new buildings require development finance loans. Developers can use development exit finance to save money once the project is complete.
After the project is finished and all properties are sold, the entire loan amount will be paid in full using the profits.
This type of loan is best for project refurbishment financing. However, if your project is more than average, development finance might be a better choice.
