Why is it so difficult to get development finance?

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.