Property Development Finance
Bridging finance for property development is used to build a new building or convert an existing building. This can be residential houses, shops, offices, industrial buildings. It can be for investment purposes or owner occupied. You can be an experienced developer/builder or a first time developer wanting to start developing.
Property development finance is a type of bridging finance loan, which is secured against property or land in much the same way as a traditional mortgage. Unlike mortgages, property development loans are short-term and generally used only to fund the build, or conversion or property.
Win4Me provides Property Bridging Finance. Contact us for property development funding or loans to buy residential property.
With our prime focus on small to medium size property development projects, the Win4Me team is here to assist new and experienced property developers with innovative Property Development Finance:
- We grant funding of up to approximately R6 million per development. If you meet all the approvals, you could qualify for a more favorable interest rate.
- Security in the form of a first mortgage bond of a property with twice the value is required.
- We carefully asses every opportunity independently and each property development finance facility application is granted on it’s own merits.
- At Win4Me Business Brokers, we know that each property development project is unique and so we try think outside the box as to how to structure the bridging facility to work best for you.
Depending on the type of property development project you want to embark on, there’s a world of bridging finance options available.
All successful property developers are good planners, and getting the right finance in place is a crucial ingredient in development success — whether you’re buying your company’s premises, or growing your rental portfolio. Experienced developers who act as landlords can also use property they already own to secure lending. With enough equity free in your portfolio, you can get finance to buy more properties — allowing you to grow your property portfolio without having liquid cash.