Looking to secure development funding? - Chesswork Finance can help

Funding for these projects depend on the size of the development and whether it meets a bank or private funders policy and requirements.

Should I opt for a bank or private lender?

Working out which type of loan you are eligible for depends on a number factors including or your income and equity position. Your lending purpose is also really comes in to play here. Whether you plan to build & keep the property as in investment, or to renovate and flip, you need to secure funding to match the costs and timelines of the plan. If the plan is to sell the completed development including multi dwelling/units, you may need presales to meet the banks policy around responsible lending.

However, you aren’t limited to banks in this instance. Private lenders have become a much larger source of funding in recent history. Sourcing and Interest rates may be more expensive, however the benefit of easier access can offset this to bring your project back into the realm of profit.

Whatever your needs, we are confident that we can help you to obtain the ideal financial solution and get you on the road to achieving those goals. In addition to helping you secure finance, we will be your guides through the process, for as long as you need. We will also handle all of the necessary paperwork (which is often a significant amount in these types of deals) and help get you through those important deadlines.

We want to see you succeed.

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