Development Finance in Hertsfordshire

We were pleased to have found development finance in Hertsfordshire for a client doing his first commercial project.  Our client obtained planning consent for 5 detached bungalows on his site which enjoys river frontage and a great location around just two miles from the historic town of Hertford.  The design made the best of the secluded site with a T-shaped cul-de-sac keeping each property well separated and then with all future residents having a shared meadow that fronts the River Beane.

Each bungalow has been designed with spacious accommodation of 1,330ft² or 1,440ft² with features including an open plan kitchen/living room, three bedrooms with fitted wardrobes and an ensuite to the master.  The specification includes eco-friendly heat source pumps, underfloor heating and EV charging points.  Private gardens and parking complete an attractive proposition for potential buyers.

Whilst the developer had completed a previous new build of a substantial new build house, this was his first commercial project as a developer.  However, indicative terms for development finance in Hertsfordshire were received from several lenders who recognised the combination of great design, strong management team, and lovely location.  The facility included a refinance of existing debt, plus repayment of costs already incurred and cashflow requirement.

The build is now well underway with completion due for early summer 2023 and prices from around £1,000,000 each.
Are you seeking development finance in Hertfordshire?

Funding Headlines:

  • Project Location:  Hertford, Hertsfordshire
  • Project GDV:  Around £4.8 million
  • Funding Type: Development
  • Facility Period: 18 Months

Are you seeking development finance in Hertfordshire?

If you are looking for development funding in Hertsfordshire, then contact Developer Money Market to see what options may be available.  We have more than 120 specialist property lenders for development, bridging, joint venture, VAT loans and buy-to-let solutions.

Contact us today on 0207 096 2003 or via

You can search instantly here using our loan comparison platform and take advantage of our full application support.  You can also learn more about raising property development funding via our YouTube Channel here.

Looking for funding for your next property development project?