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Why is it so difficult to get development finance?

Published 09/08/2016 08:33:59

Why is it so difficult to get development finance?

Why does it sometimes seem as if lenders are being pedantic?

Let’s be fair – securing property development finance is more complex than getting a traditional mortgage. So our specialist know-how becomes even more important if you are looking to arrange the right finance. But don’t just take our word for it:

  • ASC secured £1.4 million for our client to develop a commercial property into residential apartments.
  • We raised £1,000,000 through a peer-to-peer lender for the purchase of a property at auction for development, even though planning permission had not yet been granted
  • A client, undertaking a development finance project, approached ASC Finance for Business having been let down by a lender at the last minute. We were able to find an alternative lender to provide £600,000 to complete the project, and ensuring our client received the funds within 3 weeks.

So don’t leave development finance to chance – speak to the specialists.

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