Development Finance

Finance to purchase, develop and sell on, both commercial & residential land and property.

In the current market conditions lenders are reducing the amount they will lend against development property and increasing their interest rates and fees. More than ever, now is the right time to instruct Benoy Commercial Finance to find the best deal available.

Generally repaid on sale or can be refinanced as appropriate if it is subsequently decided that the property is to be retained as an investment.
You can expect to borrow up to 70% of the value of the land and 70% of the cost of the project.
Lenders will usually provide short-term finance typically for 12-18 months.
Finance is repaid on the sale of the completed project. Re-finance can be arranged if it is subsequently decided to retain the property as an investment.