We are in Q4 and the sense of urgency to complete deals across commercial finance, specialist property, refurbishment or bridging facilities is certainly ramping up.
We’ve said it before, but as an established commercial finance broker, the relationships we have with well-known lenders put us in a unique position to help our clients and introducing partners we support.
Building on our last blog, where we discussed funding part-built schemes, development exit solutions, in this one we will look at non-traditional developments.
In the first of a two-part series, we look at property and development finance outside of the norm. There are two critical elements for projects, funding to ensure completion of the scheme and solutions that facilitate development exit where necessary.
It is a widely held misconception because interest rates remain high, and perhaps business profit margin and cash flow have been somewhat hindered by inflationary pressures, existing debt and financial support – such as loans taken during the pandemic – that finance or mortgage options are not available. This isn’t correct.
Despite many taking holidays, summer always sees a big push in wanting to have long-running projects completed before autumn, new purchases complete or refinance of existing debt lined up.