Whether you are an experienced developer or an enthusiastic amateur about to embark on your first renovation project, we offer a wide range of property development funding options that will fit your needs flawlessly. Our established list of clientele consists of both newcomers and seasoned professionals in search of suitable development finance that will help to realise their ambitions whilst enabling them to maximise profits – which is the ultimate goal of any developer.
When it comes to property development, whether it is a realistic yet highly ambitious new build project or a relatively straightforward refurbishment task, the actual finance itself can often represent the dividing line between success and failure. We are fully experienced and highly competent in terms of sourcing the most appropriate funding options based on both the needs of the developer and the project they are looking to complete.
Development finance is a specialist borrowing product that is designed to cover the cost of completing a property development project. This could include any one of a large number of tasks, such as the construction of one or more new build properties, a large-scale property conversion, major renovation works or a part-build. At Donkey Finance, we can provide funding suitable for residential and commercial projects or even mixed-use developments. Applications for this type of finance are processed and approved on a case-by-case basis, with each individual project assessed on its own merits.
Unlike traditional mortgaging products, development finance is released incrementally, with additional funds being made available as the various stages of a project are completed. As the development progresses, the value of the project increases and the additional equity is used as security against which any new funds are lent. In most cases, you will need to own the land you are building on and planning permission will also be required in order for a lender to feel confident enough to release the funds. A proven track record is also a good sign as far as the lending facility is concerned and it always helps if you can provide detailed proof of any previous development projects you have completed successfully in the past.
When you apply for property development finance through us, you can rest assured that you are working with the industry’s leading experts. As well being able to provide a popular range of finance products from the entire lending market, we offer the lowest rates available with no upfront application fees – and we can even fund up to 100% of the building costs of most projects, as long as you have sufficient collateral. We can also help with land purchasing costs whilst providing funding options starting from £50,000 with no upper limit on borrowing – as long as the project is commercially viable and the applicant already owns the development land without any restrictions.
If you have any questions in relation to development financing then please do not hesitate to ask. At Donkey Finance, we are highly experienced in terms of property development funding and we can help streamline your application to increase your chance of being approved. We can also advise on whether or not a specific project is worthy of pursuit.