Development finance - it's pretty confusing right?
Not least of all, how much can you even borrow and how is this worked out. It's not all that simple, well until now.
In this video I explain how lenders work out not only the total facility but also how this is split down into the two sections, the development facility, to cover the cost of your build, and the bridge, which will contribute towards the purchase costs.
Let me know if you have any questions in the comments and I'll answer them as soon as I can.
#propertydevelopers #propertydevelopment #developmentfinance
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Sam Norris is director and owner of Grand Union Finance, a 21st Century Property Finance Brokerage servicing top property professionals to enable them to flourish using the power of finance.
Sam is also the host of the popular podcast "Game of Loans", where he talks to amazing guests from within the business and property niches.
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