- 16th February 2020
- Posted by: DMM
- Category: Development Finance
There are proven ways to find out the latest finance deals for your next project, such as via a broker or direct to banks, and so why is comparing property development loans online useful?
In this fast moving world, the business of finding finance for your business hasn’t necessarily been the quickest thing to do. If a particular project doesn’t have a time pressure, then this is a moot point; you can take care to phone all the potential banks that may have an appetite for your project and simply compare the best deals. You may wish to consult an independent property development finance broker, such as ourselves, and run through the details so that they can search the market on your behalf. All absolutely fine and a proven means to get a feel for the market.
Finding Property Development Products Online – Instantly!
However, where comparing property development loans online is useful, is for speed and constant market awareness. Developer Money Market have created a system whereby all of our market data is being updated to our internal system daily. Now this ability to check property development loans online has been opened to developers to use whenever they wish. You can search for property development loans online including stretch, mezzanine and bridge facilities.
Whilst there is much information already online regarding property development products, the key to our system is being able to actually compare against your particular finance requirements.
Our platform gets an initial understanding of your project by you entering some principle data such as:
- The status of planning consent
- Site purchase price
- Build costs
- Your cash available, etc.
Whilst there is much information already online regarding property development products, the key to our system is being able to actually compare against your particular finance requirements
Why Compare property development loans online?
Comparing the property development loans online is then simply a case of submitting the data and filtering your results.
Within a few seconds you’ll have a list of the key property development loans online that may suit your finance requirements. We highlight interest rates and the typical arrangement and exit fees. This will give you an instant appreciation of what may be possible for your funding needs!
Not only that, but we are constantly updating other useful information such as;
- How a lender may calculate their interest
- Their typical max loan to cost / loan to value
- Maximum term usually considered
- Any noted preference for project types, etc
Of course, this is not the end of the process and more supporting information will be required. Nevertheless, comparing property development loans online will be quick and give you a good idea of the potential funding available for your particular search.
Thereafter, Developer Money Market will help add in our market knowledge to understand the detail of your project and the more intricate detail. We package your application into a detailed, but succinct, presentation document that will get the attention and proper consideration you need.
Try our system without commitment, for free and without any credit searches. To compare property development finance simply click here!
If you have any questions, then do not hesitate to email us via [email protected]! We look forward to hearing from you.