Commercial Development Finance Information

If your property development business is about to embark on a new project, you’ll probably need to secure finance in order to get things moving. Very few developers are self-financed, with most needing to obtain some type of loan or mortgage to fund the acquisition of land, the cost of a new build, or the renovation, conversion or refurbishment of an existing structure. Even if your project is already underway, you’ll know that things don’t always go as planned, and you could find yourself in need of further finance to see things through to completion. That’s where First National Money comes in – we have a dedicated team of commercial development finance specialists, ready and waiting to help you secure the funds to kick-start your venture.

There are a number of benefits to a property development loan, all of which enable you to get to work on your project without worrying about cash flow. Commercial development finance will cover cost of purchase, building and even marketing, with funds available as and when you need them. All interest charges are agreed before the loan is approved, and rates can be fixed or variable depending on your circumstances and requirements. Repayment terms are also variable, giving you the flexibility you need to complete your project without financial concerns getting in the way. Finance is available for all manner of projects, including green field, brown field, commercial and residential developments, land purchase, new builds, conversions, refurbishments and renovations.

If you are an experienced developer and have obtained full planning permission, we can usually secure you a loan that matches potential site value 100%. Plus, we are often able to arrange deferral of interest payments until the project has been completed, and can approve regular up-front draw downs to cover small matters like supplier payment. However, any large undertaking will require a site visit by a quantity surveyor before approval is given.

At First National Finance, we can arrange a number of different financial packages, to suit the size and scope of any commercial development project. These include Senior Debt Loans, which usually cover up to 80% of loan to value; Mezzanine Loans, which are added on top of a Senior Debt Loan in a manner similar to a short-term bridging loan; 100% Joint Venture Finance, which will provide you with an experienced partner as well as the funds required to complete your project; and 100% Property Development Finance, which offers full finance for UK developments with high profit margins, without the need for a profit share agreement. If any of these options sound like the type of finance you need, contact us today for advice and a no-obligation quotation.