Development Financing Solutions

Development finance is specifically tailored for property developers and investors looking to fund new projects or renovations. It covers larger amounts and is structured to be released in stages as the project progresses, which is different from typical lump-sum loans.

Eligible projects include residential and commercial property developments, such as new builds, major renovations, and conversions. The project’s feasibility and potential return on investment are key factors in qualification.

Loan amounts can range significantly based on the project scale, typically covering up to 70-80% of the total development cost or more if additional collateral is provided.

Repayment is generally aligned with the project’s completion stages or the eventual sale of the developed property. This can range from 12 months to several years, depending on the project’s timeline.

Interest rates are project-dependent and are calculated based on the risk, loan duration, and the borrower’s creditworthiness. They are typically higher than residential mortgage rates due to the higher risk involved.

Funds are typically disbursed in tranches according to predetermined project milestones. Each disbursement follows a site inspection and progress evaluation to ensure the project is advancing as planned.

We offer flexible approaches to manage overruns, which may include reassessing the loan terms or providing additional financing, subject to a reevaluation of the project’s viability and additional security.