The fact is that development finance opportunities during these challenging



economic times are tight. Development loans are difficult to obtain in many instances; the same holds true for

construction loans. Again, this is just the simple facts of the economy.

The fact is that in order to obtain a development finance package at a reasonable

cost, you need to have a strong credit history.

In order to obtain approval for development loans and construction loans at this point in time it is essential that applying developers or

contractors have an already established track record when it comes to development

finance or construction finance. There needs to be a demonstrated history of managing development

finance effectively and satisfying the obligation associated with development

loans.

Finally, in seeking development finance today, a developer has to be certain that he or she is able to present

a fully fleshed out business and finance plan. It is crucial that a specific

program be delineated that includes specific milestones in the satisfaction

of any development finance obligation.