Planning granted, site ready — now you need the money? Specialist short-term development finance covering acquisition and build costs. Staged drawdown available. Check your options in 60 seconds, no credit impact.
Development finance provides funding for property developers who need capital to acquire a site and fund build costs. Whether you are converting a commercial building into residential units, building new homes from the ground up, developing a mixed-use scheme, or carrying out a large-scale refurbishment — development finance can fund both the acquisition and the development works.
Unlike a standard bridging loan, development finance is typically drawn down in stages as works progress rather than as a single sum on day one. This staged drawdown structure means you are only paying interest on funds as they are drawn, which keeps the overall cost of the facility down.
Loan amounts are typically assessed against the Gross Development Value (GDV) — the projected end value of the completed development. This means that where there is strong GDV, it is often possible to borrow more than the current site value alone would support.
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OpenWay Finance works with developers of all sizes — from individuals undertaking their first conversion to experienced developers with multiple sites. Our lending panel includes lenders with genuine expertise in development finance who understand the complexities of the planning system, build programmes and exit strategies.
We can consider cases where planning permission is not yet in place, though the loan-to-value and rate will reflect the additional risk at pre-planning stage. Once planning is granted, better terms become available.
The most common exit strategies for development finance are sale of completed units or refinance onto a longer-term commercial or buy-to-let mortgage. We will work with you from the outset to structure the loan in a way that aligns with your exit plan.
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