Selecting the best development finance solution requires the right expertise and knowledge.
It is well known that in recent years’ banks have tightened their lending criteria and now different types of development finance are required throughout the various stages of a project and can include:
- Acquisition or development loans (to cover the purchase, development application and pre-construction costs)
- Construction loans (to cover the building of a project)
- Investment loans (if you are retaining your project as a long-term investment).
If you are undertaking a large project, you may need to split financing over more than one lender. This is where an experienced mortgage broker can prove invaluable.