Development Finance
Finance for those looking to build developments from the ground upwards or repurpose an existing property. Book a consultation with our award-winning team today.
Development Finance Advice And Guidance
Development finance is designed to support developers who need to make significant changes to their commercial property or project on which it stands or change the purpose of the property. This could be a new build scheme, conversion, renovation or part build.
Lending Requirements:
Lenders will take several factors into account when considering your application. Typically, lenders are looking for full details of the proposed development, including:
- Proposed contractor
- Build programme
- Satisfactory exit route
- Full planning consent and relevant documentation
Things To Consider
Besides the aforementioned lending requirements, there are a couple of other points to remember when looking at development finance:
- Loan amounts are based on a percentage of the gross development value (GDV) at the end of the work.
- Development funding loans are normally for a period from six to eighteen months.
Why Choose Pomegranate Financial Services?
At Pomegranate Financial Services, we offer expert advice for all your development finance needs. We are FCA regulated and we build relationships based on trust. We offer:
Development Finance Structuring
Development finance can take different forms and is typically a short-term option over 6-18 months. Finance may include construction loans, bridge loans or joint ventures. We will help structure it to suit your individual business needs.
Negotiations On Your Behalf
Setting up development finance doesn’t have to be complicated. We can negotiate with reliable lenders on your behalf, saving you time and money.
Expert Analysis For Development Finance
Every business is unique. We have experience working with finance in the construction sector and will help you gather all the necessary documentation and lay out your projections.
Relationships Built On Trust
We have access to a wide network of reliable lenders. We build relationships based on trust and integrity, ensuring both parties are fully satisfied with their development finance agreement.
Open And Honest Communication
We will guide you every step of the way with your development finance application. Book a consultation with us today and our expert team will be happy to answer any questions you have.
Frequently Asked Questions
Do you have any questions regarding development finance? See some of the answers to our most frequently asked questions below. Alternatively, you can get in touch with our Manchester based team directly with any queries or concerns you may have.
How much funding can I get for development finance?
We’ll assist with a professional valuation to break down how much funding you can get based on three key areas. The current value of the property, build costs and gross development values (GDV) will determine the amount of funding you can get.
The lenders we work with will use this valuation to determine the maximum amount they can lend you. Deals are determined on a case by case basis. Regardless, there will always be enough funding to complete the entire development project.
How long do the terms for development finance last?
Terms typically last between six months to two years. If the loan is for a simple refurbishment project, the loan may only need to cover six months for the site and building costs. A larger multi unit project will likely need a loan that covers a longer time scale. Book a consultation with our team to discuss likely loan terms for your project.
How is development finance repaid?
We’ve listed some of the most common ways our clients repay finance loans.
- Full amount repaid
- Refinance for long term loans
- Bridging loans
We can discuss the best strategy for your own financial situation and needs. Contact our Manchester, Liverpool or London based teams today.
What areas do you cover?
We are based in major UK cities and have a nationwide reach. Wherever your development project is based, get in touch with our expert team today. We have access to lenders all over the country.
Discuss your development finance needs with our team of experts
If you want to discuss the options available to you give us a call, send us an email or use our contact form and one of our team will get back to you.