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Development Loans

Development finance is a short term option up to 18 months. It is designed to assist with both the purchase cost and build costs of a development project.

Development finance can be used to finance conversions, heavy refurbishments, or ground up construction. Typically, the loan lasts the duration of the build and the exit.

The loan can be repaid via the sale of the property or refinance.

Funds are released in stages (tranches) that correlate with the progression of the development.

The initial tranche can usually assist with the purchase of the site and the following tranches will be released in accordance with the schedule of works.

Types of developments we can assist with include:

On ground up developments, Global can provide funding up to 65% LTGDV and fund up to 100% of build costs.