Development financing requires at least one real estate development asset as security.
Development finance provides the opportunity to unlock equity in your development property allowing you to source much needed development capital.
Many funders including some we work with provide first ranking mortgages over your real estate. Some of the funders we work with also provide second ranking mortgages where they stand behind your bank.
Financial institutions may not even look at your loan application, but chances are our lenders say yes. The lenders we work with are experienced and because of this experience are also very flexible when it comes to considering applications for development financing including applicants with poor credit history or previous loan defaults with detailed explanations.
Call us, we will be able to quickly determine your funding needs and capabilities and provide you with a choice of lenders for you to speak to, and allow you to quickly obtain the development finance that you need.
Depending on your circumstances, the lenders we work with may approve and settle your loan within as little as 24 hours.
WHO CAN APPLY FOR DEVELOPMENT FINANCE?
Major financial institutions have strict criteria, however some of our alternative lenders do not have the same level of criteria.
It’s never wise to ignore the possibility of getting funding for your business. Experience has taught us that many clients can successfully apply for mortgage financing, even in unlikely scenarios, such as having:
- a bad history with banks
- a bad credit history
- poor cash flow
- outstanding business related tax
- previous companies liquidated or a company in liquidation
- directors facing bankruptcy
- no real estate to provide as security
- a current winding up application
- a receiver appointed over their business
- a need to enter into Voluntary Administration
There may still be funding hope for you and your company.
Your company situation may not be good but there is still a chance for development finance.
Let us help you find that solution.