The Room 208 Blog

Terms for these loans are typically only twelve months. Rates for this kind of funding are between 1.4% and 2 percent each month with an arrangement charge of typically two percent of the loan amount. The preferred kinds of development are tiny developments with not a great deal of units or tiny blocks of residences no more than 6 flats per site. The development finance sites need to be found in areas that aren’t awash with similar developments or with large unsold or unfinished diagonally opposite developments. As this kind of finance isn’t supplied by all banks access to funding can be prepared thru Consultant Bridging Loan Brokers.

For more information please quote “development finance” lvk