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The most vulnerable phase of a development project is the beginning – there are a number of hurdles to overcome from accessing funds to legal disputes. Hence it is crucial that developers have ready access to the funds that are required.
Land Loans can be a necessity for new development projects, often being the only way of purchasing a site so that construction can begin.
An affordable land acquisition package is a key building block in a successful development project, so developer’s must should seek professional financial advice before making any commitments in this respect.
- Coverage in England, Scotland & Wales
- Monthly interest payments can be rolled over and repaid at the end of the term
- Often no minimum term.
- Interest is calculated on a daily basis
- Often no exit fees
- Loans from £10,000 to £100,000
- Maximum term 12 months
- Rates start from 0.99% per month