When planning a property development project, securing the right financing is as critical as the architectural design and construction plans. Development finance is the key to transforming a vision into tangible assets, offering a strategic funding solution specifically tailored for property developers.
Explore how Universal Finance Corporation can put you on the path to attaining the right financial backing for your project.
Development finance are specialised loans designed to fund the development of real estate projects, both residential and commercial. These loans cover the extensive cost of property development, from land acquisition to construction.
Unlike traditional loans, property development finance is structured uniquely, where funds are released in stages based on project milestones, which helps manage cash flow efficiently and ensures that funds are available as the project progresses.
Here are some of the benefits you can expect from taking out development financing:
At Universal Finance Corporation, we understand that every development project has unique financial needs. Our expertise lies in matching your project with the most suitable financing options from our broad network of lenders. We can assist in crafting a financing structure that aligns with your project timelines and budget requirements.
Here’s what we can do for you:
Choosing Universal Finance Corporation as your partner in development finance means opting for ease, expertise and efficiency. We handle the complexities of finance so you can focus on what you do best — building and developing. We guide you at every step, from the initial application to the final fund disbursement.
Contact us today to explore how we can help fund your next property development with streamlined and strategic financial solutions.
Development finance, or property development finance, is a type of funding used to financially support property development projects, such as residential, commercial or mixed-use buildings. It typically covers costs like purchasing land and construction expenses.
This type of financing is usually structured as a short-term loan, often interest-only, with funds released in stages corresponding to different phases of the project. The loan is also typically secured against the property being developed.
Development finance works by providing staged funding for property development projects. Initially, the borrower secures the loan against the land or project site. Funds are then disbursed in tranches, aligning with various construction milestones. Interest is typically charged only on the portion of the loan drawn down, making it highly cost-effective during the construction phase.
The loan is usually short-term and intended to be repaid by selling the developed property or refinancing.
Universal Finance Corporation can facilitate access to competitive development finance by tapping into our extensive network of lenders specialising in this area. We can assist you in navigating the complexities of securing finance, including the application process, ensuring the funding arrangement matches the project's scale and timeline.
Our team has a wide breadth of experience as ex-property specialists and bankers, and can easily identify the best terms and rates in the market. Over the years, they’ve been able to source competitive development finance for a range of projects, including duplexes, apartment blocks and hospitals.
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