What developers should consider when starting a new development
Written by David Lovato – CPC Development Lending Solutions
There are many factors a property developer needs to consider when starting a new development.
For example, if you want to finance a new development, you’d probably need to:
* Pre-sell the properties
* Apply for bridging loans
* Apply for specialised property loans
* Apply for personal loans
When assessing these applications, lenders could consider all or one of the following:
* You and your business’s credit history
* You and your business’s track record if you’ve developed properties before
* The business plan and viability of the project
Consulting a development finance specialist could help you:
* Make the right finance choices
* Get your development financed sooner by helping you with your application and business plan
* Potentially save you money by getting you better interest rates
___
Need development finance? CPC Development Lending Solutions can help you get your next project funded. To confidentially discuss your options, contact David Lovato on +61 434 932 634 or [email protected]
