Development funding for new small development company

Discussion in 'Development' started by Robert1989, Jan 23, 2018.

  1. Robert1989

    Robert1989 New Member

    I am interested in small developments (with a view to moving onto larger developments later in). I’m looking at new builds of 1-4 houses or apartments.
    I have my own cash funds to inject but want to find suitable development funding for the projects - any recommendations would be helpful.
    Note that I am a U.K. national born in England but reside outside of the U.K. I note this as it may affect some lenders criteria. Thank you
     
  2. nmb

    nmb Well-Known Member

    I think the idea of starting small and moving up the ladder is perfect - small steps. How much development funding are you looking for?
     
  3. diyhelp

    diyhelp Active Member

    Partnering up with a UK company/group might help to mitigate some of the issues that living outside of the UK may attract. If you did this via a UK based company might this help? Take professional advice but dont lose faith - many overseas investors plough money into the UK property market each year so it is a well furrowed path.
     
  4. nmb

    nmb Well-Known Member

    Is there any update on your development @Robert1989 ?
     
  5. diyhelp

    diyhelp Active Member

    Whereabouts do you live at the moment?

    Lots of expats buy and sell property in their former homelands - surely one or more of the UK big banks must have a presence wherever you currently live?
     
  6. nmb

    nmb Well-Known Member

    Hi @Laurence Mills

    What kind of interest rates do they charge for the development finance options you have come across?
     
  7. Laurence Mills

    Laurence Mills New Member

    The rates really depend on how experienced the developer is however I know that rates can start at around 6.5% per annum depending on how big the project is.

    - Development appraisal
    - Details of the professional team being used
    - Description of project (Drawings, floor plan, location maps)

    I know fast property finance have the ability to entertain most development projects from experience.
     
  8. Longterminvestor

    Longterminvestor Active Member

    Are you setting up a company to hold all of your property assets?
     
  9. Snoone

    Snoone New Member


    Hi Robert,

    I just joined this forum and saw your post. I actually know a company with access to funding, who are looking to get involved in projects like you mentioned.

    Drop me a message and we can discuss further.


    Regards,
    Shane
     
  10. Longterminvestor

    Longterminvestor Active Member

    Hi @Snoone

    Welcome to the form. What kind of property/finance do you specialise in?
     
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