By submitting this form you confirm that are happy to submit your data, which will be used solely for the purposes of my above enquiry

Quick Enquiry

By submitting this form you confirm that are happy to submit your data, which will be used solely for the purposes of my above enquiry

Compare Development Finance

Loans from £100k to £100m | Lowest rates guaranteed | Senior Debt, Stretched Senior, Mezzanine & JV/ Equity.

By submitting this form you confirm that are happy to submit your data, which will be used solely for the purposes of my above enquiry

What is Development Finance?

Development Finance is used by property developers to build, convert or renovate a property or development of any size. Such facilities can cover the purchase (or refinance) of the site or property, in addition to 100% of build costs, plus interest and fees.

How much can I borrow?

There are many options when it comes to development finance. We have options that include 100% funded Joint Ventures and in contrast we have options from the High Street banks offering lower loan amounts (in percentage terms) at low rates. It’s fair to say the higher the perceived risk by the lender, the higher the cost.

On a typical Senior Debt deal you can borrow the lower of 65% of the GDV, or 80% of Total Project costs.

For a Stretched Senior deal, its 75% of GDV or 90% of costs.

Our analysts will explore the proposal for you and come up with the best options for your development & circumstances.

How long can I borrow it for?

Terms can be from 6 months to 48 months, dependent on how long it will take to build and then sell the units. Often the lender will add 6 to 12 months on to the proposed build programme, to allow sufficient time for sales.

What rates and fees will I have to pay?

Positive Commercial Finance will search the whole of the market and get you the best deal we can. The rate we expect to achieve will be presented very early in the analysis stage. A typical rate and the moment is around 6%, for a development facility.

Do I need to give PGs?

Not always. We have facilitated many deals for clients where PGs are not needed

Do I need experience?

Not necessarily. Experience will open up a wider range of options, but we still have many options for clients with no experience.

How do I apply for development finance?

To give you an initial indication of the funding options available to you, we would usually need a Development Appraisal and Cash Flow, a copy of the Planning Permission and details of your experience.

To present you with a reliable “In Principle” decision, we will need a full pack of information to complete the application and this will include, inter alia:

CV’s (or similar) for the Borrower(s), to include details of any previous developments undertaken

Personal Asset and Liability Statements for the Borrower(s)

Company details, if applicable

Copy of Sales Particulars or Valuation, if available

Planning permission details

Land registry title number for the land/ property

Financial appraisal

Confirmation of number of units, storeys, square footage and number of bedrooms in each property

Detailed build costs & cash-flow

Contractors’ details

Details of any section 106 agreement (if applicable)

Any information which may support the estimate of Gross Development Value

Solicitors’ details

Can I borrow in a limited company?

Yes. Many developers set up Special Purpose Vehicles or “SPV’s” for each development. You can also borrow as an individual, partnership, LLP, Limited company or even an overseas company.

Criteria Overview


Quick Enquiry

Positive Commercial Finance is a trading name of Business Financial Solutions Limited. Registered in England & Wales 06451075. Registered office address Warth Business Centre, Warth Road, Bury BL9 9TB. Authorised and regulated by the Financial Conduct Authority (716012). Full members of the NACFB and FIBA. ICO registration reference Z1196910.