Development Finance

We can help you to get the right Development Finance.

We don’t charge any fees upfront.

Find out how much you could borrow today!

Call or WhatsApp us 07966259069

 

Whether you are an experienced property developer wanting to expand your portfolio or just delving into the world of property development and are looking to refurbish and flip your first property, our experience and knowledge will ensure your financial needs are met.

We’ll arrange a Property Development Loan package to suit you and offer help and advice through every stage of the process.

Development finance can be the best option for borrowing to build a new property or convert a unit – whether for residential or commercial use.

ParaPara negotiates property development finance for a vast range of clients:

• Experienced property developers and building firms.
• Professional builders who construct their own properties on parcels of land and sell them at a profit.
• Developers who haven’t built anything from scratch before.
• Self-build applicants who want to develop a primary residence.

Generally, you can borrow up to around 50% to 60% of the land cost or the property that you plan to convert.

Lenders are far more likely to approve an application if the site has planning permission. In other cases, they will offer to lend, subject to approval being secured.

In terms of the build costs, provided the total budget is within 60% to 70% of the gross development value (GDV), applicants can borrow up to 100%.

Property development finance tends to run on a shorter term, usually between one and three years as a maximum.

The lender will need to know how you plan to repay the debt after the period ends, usually selling the development or taking out longer-term refinancing.