If you are a UK Property Developer and you are looking at a site;
It has planning permission
You have worked out the build costs and there is at least a 20% ROI
You have approached different lenders, but the Maximum LTV that you had been offered was 70%
Is this where the but comes in?You do not have the deposit
as your capital is deployed in other projects; therefore, you need to achieve up to 100% development finance or 100% investment finance to realise the project.!!
What do you do next?
Give up and look for another site?NO!
You do not give up and you do not give in.
If the site has potential for a minimum GDV of £1M
You have industry experience
The return on investment is at least 20%
You just need an investor to come in on the project with you?So what will an investor need to look at before saying YES?
- Your Company details and website if you have one
- CV on previous schemes completed by you
- Development appraisal inc schedule of accommodation
- Cash flow
- Build programme
- Details of your professional team
- Confirmation of unit price via estate agent
All you need to do as long as you have everything ready is get in contact with us as we have JV investors just a phone call away, ready to assess your development project.