Development Finance...
At Horizon Commercial we understand that every development is different and therefore every requirement is different. With a vast array of specialist lenders keen to work with developers requiring finance for small, medium and large projects, we're confident that we can provide a tailor made solution. Put us to the test, simply request a call back below and we'll call you to discuss your requirements. Alternatively email or contact us. Let, Ri
Development Finance
| SECTOR Development Finance overview | PRIME/ EXPERIENCED DEVELOPERS | NEAR PRIME/ LESS EXPERENCED | COMMENTS |
| Residential Development |
65% land and 65% development costs | 60% land and 60% development costs | Evidence of prior developments completed satisfactory required |
| Can increase subject to additional security but would still expect some cash to used as deposit | Can obtain up to 100 % development costs | ||
| Commercial Development | Speculative developments difficult to fund if not pre let/pre sold |
Application Tips
- Experience is very important; provide a detailed CV and examples of completed projects.
- Provide sales particulars of any land/buildings being purchased together with costings/building quotes etc.
- Three years accounts ideally to be provided.
- Is planning in place? Without this or appropriate consents re any change of use raising finance currently is very difficult.