When you have a property development to undertake, it is vital you work with a lender who understands your Business.
Development finance is based upon the Gross Development Value of the site, not just the purchase price.
Here at Hornby Commercial, we work with lenders who support experienced property developers as well some niche lenders who may also be able to support less experienced developers. This would be conditional upon them having a professional team of advisers and a specialist contractor in place.
Please call to discuss your requirements in more depth.
Conversions of property into an alternative use can also be accommodated – for example, student and care home developments.
Borrowing from £500K – £5M.