Development Funding Criteria
When we consider each application for development finance, we always take the following considerations into account:
- Funding requirements - you will need to ensure that there are sufficient funds in order to see the project through from beginning to end. This includes realistic contingency funding in order to cover any costs that are not part of the initial equation.
- Timing the release of funds - if you want your project to be a stress free and profitable venture then it is essential that the drawdown stages are timed and planned appropriately so that there are no cash flow problems interfering with the progress of your development.
- Accurate Costing - it is essential that everything is budgeted for and costed out effectively whilst allowing for any discrepancies. Although you might be looking to save on the initial costs, it is more important that the funding package is compatible with your needs. This will help avoid any unnecessary complication midway through the project.
- Project Viability - our investors will obviously expect you to be able to show that the development is capable of generating sufficient returns with a good level of profitability.