100% finance for developers
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Fund Entire Projects
- 1 to 24 months
- £500K to £10m
- Staged funding
- Major construction and redevelopment
All Types Of Development
- Interest roll-up schemes
- Up to 60% of the Gross Development Value or GDV
- Planning gain transactions
- Major development funding
- Residential and commercial
- Expert support
- Greenfield and brownfield land
One of the common issues developers face is the opportunity to develop a site when the cash to do the work is not available. 100% Development Finance can provide a solution
To be successful in the property development industry you often have to act quickly to secure opportunities. Various types of property development lending exist to help you provide the scale of funding you need - including Bridging Loans that can be arranged in a matter of days.
However, in most cases, this funding is designed to supplement your own investment in the project. If you don’t have the funds available, it can mean that you are forced to miss out on the projects - and profits - you have identified.
100% Development Finance - also known as Joint Venture Development Finance or Equity Development Finance - allows a developer to fund a scheme without putting in any of their own cash. It can provide finance from £500K to £10m, depending on the project.
For experienced developers, it can mean the opportunity to take on projects that are out of reach with traditional finance solutions.
What is Joint Venture Development Finance?
Your cash flow may be restricted by the need to complete the sale of one project to start on the next - which can lead to missing out on profitable opportunities if you cannot secure the funds in time. A 100% or Joint Venture arrangement can provide the solution. Unlike other more traditional Property Development Finance, it is possible to access up to 100% of the development costs for a project through Joint Venture Funding - which can be vital when funds are tied up elsewhere.
This funding can range from small-scale finance for individual domestic refurbishments to complex deals for major, mixed-use developments providing multiple new homes.
The exact nature of the funding deal will vary but, in most cases, it involves an experienced developer entering into a joint venture with an established property development company. The funding partner will offer the finance required, the developer will buy the property and carry out the work, and the profits will be split on an agreed basis when the work is done and the property sold on.
Variations exist. Some joint venture property partners may insist that you provide a deposit, which may be as little as 5% of the overall cost of the project, while others may be prepared to offer the full 100%.
Profit splits may also vary. It is possible to have a 60% / 40% split in your favour, but all deals will be arranged on an individual basis, making expert support and advice essential.
The majority of lenders will expect the length of the project to be no longer than 24 months and will expect you to have planning permission in place, before agreeing to enter into a joint venture.
REAL EXAMPLES OF WHAT WE CAN DO
Find the most competitive funding for the conversion of mill building into flats
Help find finance to allow a small developer to build an estate on a brownfield site
Source 100% funding to acquire a terrace of properties at auction and update them for resale
Find the most competitive lender for a small developer to buy a derelict house and convert it
Fund the complete refurbishment of an ex-HMO into an upmarket residential property
Why you need Rangewell to set up 100% finance
The process of applying for this kind of Property Development Finance through a joint venture can be quite complex. Joint venture property partners do not normally work directly with the public, and will only be available through specialist property finance professionals.
At Rangewell, we can provide the help you need to set up to 100% finance in a joint venture. We know the specialists involved and can help you find the funding partner you need
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Lending to suit your project100% Property Development Funding can be arranged to suit most kinds of project, from refurbishing to new builds.
Suitable for all types of propertyResidential, commercial and mixed-use development Conversion and refurbishment Planning gain trans
No repayments to makeIn most cases, all costs are rolled up as part of the agreement and settled when the project is completed and sold.
Straightforward repaymentsJoint finance can provide straight forward repayments, with a single funding partner rather than repaying multiple lenders on conclusion of their project.
Funding based on your needsAll deals are arranged on an individual basis. This means they can be structured around your needs.
Scaled for your needsFor large projects, sums of £10million or more can be arranged.
Download Rangewell’s free and detailed guide to Property Development Finance
Is there a difference between development finance and property finance?
What is classed as short term business finance?
Can commercial mortgages be used for development projects?
Do finance providers need to be authorised and regulated by the financial conduct authority?
What is classed as commercial property?
Can property development finance be used for build projects or land purchase?
Why your home may be repossessed if you do not keep up with repayments
Are bridging loans a form of commercial finance?
Does property finance cover building costs?
What finance options do property developers have?
What funding options are available for business owners looking to buy their workspace?
Do you need planning permission on land already?
What is the difference between property development finance and bridging finance?
Do I need a registered office/office registered in england?
Are Development Loans more appropriate for experienced developers with a large property portfolio?
How do online lenders compare to high street banks for interest rates?
Do Property Development Finance providers have to be regulated by the Prudential Regulation Authority?
Experience is essentialYou need to demonstrate experience in undertaking developments of the type and size that are seeking funding for.
You must demonstrate profitabilityAs a minimum guide, projects should show at least 25% profit on costs before they can be considered for funding.
Staged drawdown of fundsYou will have to demonstrate progress on the project to access each stage of funding. This can cause problems if a project faces unexpected snags.
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