NEW BUILD DEVELOPMENT FINANCE
New Build Development Finance is a type of funding for constructing new properties or developments. It caters to developers and builders, in offering capital for land acquisition, construction costs, and associated expenses. This short-to-medium-term financing helps navigate the complexities of new builds, including planning permissions and construction timelines. Lenders assess the project's viability, the developer's track record, and the anticipated value of the completed development. Interest rates and terms vary, with funds typically released in stages as construction progresses. The goal is to support the creation of new residential or commercial properties.
WHAT IS NEW BUILD DEVELOPMENT FINANCE?
NO UPFRONT FEES
NO BROKER FEES
Key benefits of New Build Development Finance:
FUNDING PURPOSE & SCOPE
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For constructing new residential or commercial properties
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Covers land acquisition and construction costs
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Supports developers in new build projects
LOAN TERMS & RELEASE STAGES
Short-to-medium-term financing
Funds released in stages as construction progresses
Interest rates and terms vary by lender
ELIGIBILITY & ASSESSMENT CRITERIA
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Assesses project viability and developer's track record
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Considers anticipated value of the completed development
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Navigates complexities such as planning permissions
Experienced. Trustworthy. Tailored.
Clever Commercial is an award-winning brokerage with over 30 years expertise in providing bespoke property financing solutions. Competitive rates, flexible criteria, and unrivalled service. Build your future - partner with us.
WHY CHOOSE CLEVER COMMERCIAL?
FREQUENTLY ASKED QUESTIONS
What is New Build Development Finance?
It's funding for constructing new properties, covering land acquisition, construction costs, and related expenses. Tailored for developers, it supports the creation of new residential or commercial developments.
How are funds released in New Build Financing?
Funds are typically released in stages as construction progresses. This ensures that developers have access to capital at key points in the project, aligning with the construction timeline.
What criteria do lenders assess for New Build Financing?
Lenders evaluate the viability of the project, the developer's track record, and the anticipated value of the completed development. The assessment helps determine the loan terms and eligibility.
Is New Build Development Finance Only for Residential Properties?
No, it can be used for both residential and commercial properties. Whether constructing new homes or commercial spaces, this financing option supports a wide range of new build projects.