Uploaded on Nov 4, 2020
The business has had it just as tough, if not even more difficult and in particular, the building sector has been hit incredibly hard. From small “one-man bands” to big building companies manufacturers and developers have strived to find the Property Development Finance that they need.
Property Development Finance for Business
Property Development
Finance for Business
Call:- +44 2074594440
Since the credit crunch and through
the continuing collapse of the credit
market has been tough for nearly
everyone. People looking to sell their
own house to move up, in many
instances, found it difficult to source
the mortgage they need.
The business has had it just as tough, if not
even more difficult and in particular, the
building sector has been hit incredibly
hard. From small “one-man bands” to big
building companies manufacturers and
developers have strived to find the
Property Development Finance that
they need.
It is not unreasonable that most builders
will try their high street bank first, to find
the required funding. The problem is
that, for the vast majority of cases, the
large banks and building societies are not
interested. As soon as the words
“development” or “build” are used the
doors slam shut and excuses made.
Firstly, simply because you believe the project is
good the Commercial mortgage broker might
not agree. We all have ideas and underwriting
is, in many cases, just that - an opinion on the
location, units being built, and the figures
involved. You might think that the property
will be worth 1m when finished but someone
else might think it is only worth 700,000.
So, you can expect to have to do some “leg
work” looking for the right company to
deal with and you have to be prepared to
pay more for the money than you might
be used to. Having said that the extra
effort and cost are worthwhile when
viewing the choice is often not being able
to fund a project at all.
Contact US
For More Details, visit
https://www.silveroakcapital.co.uk/
Call:- +44 2074594440
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