Looking for development finance at leading rates?
Some good news at last for beleaguered Property Developers, who may have been finding securing development funding at rates that will not make your eye water an issue! For the right project proposed by experienced property development professionals, with developments indicating strong returns and good demand, rates as low at 5% are available.
With increases in Stamp Duty, changes in taxation to income and interest on investment property some would argue the property market is rapidly becoming stagnant if not worse! Couple this with tightening regulatory changes making affordability a factor that prevents many for obtaining a mortgage and results in many existing homeowners becoming “mortgage Trapped” means property developers, especially the small to medium sized organisations are finding economic viability of what were previously sound projects, prohibiting commencement. This could prove economic disaster for developers with an existing land bank which has borrowing secured on it.
High Loan to Cost Development Funding…….
Developers that will compromise rate to find the highest advance, will find there is good news too. Centrado has lender partners that offer 90% LTC and at rates that are comparable with the lowest rates available too. Working with specialist development lenders means that applications and proposals are considered by individuals that truly understand development and are not involved with other types of corporate lending, this is reflected in the timely enquiries are turned around.
For developments of a smaller scale or for refurbishment finance Centrado has access to lenders that specialise in providing funding for small schemes that will be turned around quickly. These Development lenders are equally as keen to build a long term relationship and will work hard to tailor the facility to provide the very best opportunity to maximise the developments potential profits.
So no matter what your development funding requirement, we are confident we can find a source that will provide the best rate, highest advance or structured funding that makes your project come to life. Call, email or connect via social media – we’re waiting to hear from you.