An asset to development lending🏡
A growing number of bridging lenders are venturing into development finance, creating an increasingly competitive market, which is, of course, good news for developers.
But it also presents a challenge. With so many lenders to choose from, how do you know which one to work with?
The size and nature of your scheme will help to direct your search as some lenders will be more comfortable with different loan sizes, leverage and types of build. Price is clearly a consideration, but it’s also a hygiene factor. Lenders should be competitive but there’s no point in choosing the cheapest lender if this also increases the chances of not being able to get the deal done in the required time frame. To continue reading, please Click Here