How to Get 100% Development Finance

By: Cherry Bo

If you are considering getting for your project, you should know how and what companies in development finance UK are looking for.

First, you can raise 100% development finance by purchasing land or property under verified market value. This activity is all about the developer knowing their market and being able to spot a property development bargain. It also requires looking for a lender who is willing to provide finance for properties that has lower purchase price than the market value.

Second,?the 100% development finance?can be provided with?additional security. Whether you are into residential or commercial development finance, you can increase your chances? of approval for the needed fund with additional security usually from other property. Usually this is not a common thing to do but if you really need the kind of financing you can use this tactic. Inexperienced developers sometimes do not know that this could apply.

Lastly, Gross Development Lending (GDV) is the most common way to get the needed fund. GDV lending involves forecasting the end sales value of a development project after the build phase. Experienced developers can often spot the value at the acquisition stage, the planning stage and the build phase of a project that others?overlook. If they are able to prove their projections to a lender by having their ideas valued by a professional valuer or surveyor, then they are able to ensure profit and favorable return to the project leading to approval of their 100% development fund proposal.

Top Searches on
Finance
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 

» More on Finance