A development facility provides the finance to purchase or refinance a development site or property, in addition to construction costs plus associated fees and interest cover. Detailed planning consent is required for a facility to be put in place. Loans are based on the future Gross Developed Value of the site (up to 65% is normal). Staged funding is available throughout the project as various Milestones are achieved.
If you would like to apply for development finance for your company, contact our team today. Equity Capital works with businesses across the UK.