Development Finance
Fund new builds, refurbishments or conversions with structured, stage-based funding.
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We identify the right lenders based on your project, experience and exit strategy.
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Funds are released in stages as your development progresses.
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The facility is repaid on completion, typically through sale or refinance.
Take the stress out of projects, with Development Finance through NorthFunding's trusted network.
Development Finance
Development Finance is often advanced in stages as you progress through the project, so meeting the conditions for each milestone stage is key. It's different from a mortgage, as the amount lent is based on the future value of the project.
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Typical funding amounts?
​£25,000 - £25,000,000
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Repayments & Fees?
​Loan-To-Value (LTV) or Loan-to-Gross-Development-Value (LTGDV) ratios usually affect interest rates, i.e. the more you borrow against the future value of a project, the higher the interest rate will be.
The loan is repaid when the work has been completed, either via a sale or mortgage refinance. Terms can be 1 month - 5 years.
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Eligibility & Security?
Lenders will be looking for experienced developers with a positive track record, professionally and financially. Plans for the project will need to be strong, and adhered to throughout the process, to ensure release of funds at all stages.
Director Guarantees and Company Debentures will be required.​​​