100 Development Finance – Alive And Well
Just when we all thought that the days of 100 development finance in the UKwere over for good CD Property Finance has located a funder that has the appetite to lend to developers that have got a great scheme but no cash.
There are restrictions of course. No flats for instance. Maximum loan 1.25m. Maximum number of houses is five and these must all be “family” homes and not very high end luxury houses. The lender will fund schemes in England and Wales only.
As forall such schemes the funder will charge significantly more than if you borrow say 60 of the total cost of your development. However the benefits can be enormous and a of the profit is better than none at all. The benefits are:
Experienced lender who knows about property development and will work with you all the way.
Full funding for land purchase development costs and interest.
You can keep your workforce busyand yoursuppliers happy.
This is a great opportunity for experienced developers to get a scheme started that would otherwise remain dormant.
Some developers will prefer to use some of their cash for their development. This is fine and if youdo have somecash resourcesthis opens up many more lenders for you and it should reduce your costs.
CD Property Finance works with many lenders some of whom are banks and some of whom provide specialist funding not available in the high street.
For further details just contact CD Property Finance and we can provide you with everything you need to know.
All the best
Chris Dowdeswell
CD Property Finance
About the writer:nbsp;nbsp;Chris Dowdeswell is an Associate of the Chartered Institute of Bankers and a long standing member of the National Association of Commercial Finance Brokers.Chris Dowdeswell worked in commercial and property banking in the City of London and overseas for over 20 years before setting up CDPF and has a wealth of experience and contacts which he uses for the benefit of his clients.
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