| Commercial development finance is obviously a | | | | costs for the acquisition and build. But lenders |
| funding for development of commercial properties. | | | | usually reserve this funding scheme for |
| What is not obvious is if it is particular with large | | | | experienced developers who can support the low |
| scale projects or small scale projects. In essence | | | | risk and high returns development that |
| the fund can be used for both; although in most | | | | lenders require in the proposal. |
| cases it relates to large scale projects. The | | | | Commercial development finance can also be used |
| commercial development finance can be used | | | | for smaller scale project in a form of |
| basically for site acquisition and build cost for the | | | | refurbishment loans or property conversion loans. |
| commercial property. | | | | Refurbishment loans can be used for renovation |
| Selecting a feasible site and formulating the end | | | | or remodeling of existing property for enhanced |
| sales value of the project is critical to get | | | | commercial use. Conversion loans can be used for |
| approval from lenders. While banks can only offer | | | | conversion of property to commercial use other |
| about 70% of the total development value, most | | | | than what the property was previously used. |
| companies in development finance UK can supply | | | | Companies in development finance UK usually |
| the remaining 30% based on mezzanine funds or | | | | have specialist on every type of funding schemes. |
| equity for developers to get 100% development | | | | Developers for commercial development can |
| finance. There are also companies that can lend | | | | contact brokers for development finance |
| up to 100% development finance to cover all | | | | UK who in turn referred them to the specialist. |