What is development finance?

Development finance is for residential property developments i.e construction projects, and is usually advanced as a loan towards land purchase and a loan in stage payments for development costs.

Here are some loans that CD Property Finance has recently arranged for clients.

A loan of £620,000 to acquire and develop a site for a single luxury house in West Sussex for an experienced developer. The loan represented 80% of the total cost of the project in this instance.

A loan of £725,000 which provided 100% of construction costs for 6 houses in Dorset. The developer already owned the site.

A loan of £2,000,000 arranged for the development of 12 contemporary houses in Kent following client improving the planning consent.

A loan of £1,800,000 raised over two sites in Bedford for five executive houses.

A loan of £325,000 which allowed the developer to build two houses on a site they already owned in Surrey.

A loan of £110,000 to a developer who had partly built two houses in Hampshire. He had been let down by his bank. The loan allowed him to complete the scheme.