Few developers fund their projects entirely from personal resources; typically, they provide a deposit and obtain development finance to cover the remaining costs.
This financing is essential for purchasing land or property, advancing the project, and compensating contractors and suppliers.
Unlike residential mortgages, which disburse funds in a lump sum, development finance is usually released in stages or ‘tranches’, aligning with the project’s progress and ensuring consistent cash flow throughout.
Developers vary widely, from seasoned experts to those new to the field.
The development finance sector has evolved, offering a broader range of lenders from established high-street banks to niche specialists. Despite this growing array of options, navigating the complexities of development finance is best done with expert guidance to achieve the most favourable outcomes.
At JLP Advisory, we provide expert support tailored to your needs throughout the entire development process.