Construction Loans
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What are Construction Loans?
Construction Loans are a specifically designed type of finance that allows property developers and investors to get a short term loan to cover the cost of building on land and to get their project off the ground up and running.
Most property developers struggle to get finance from the more traditional lenders for this type of project because they feel the risks are higher, but come with a higher reward.
Construction loans are lent on the basis of the costing of the build rather than the estimated value of the properties once completed. Which is somewhat different to other types of loan where the loan value is calculated based off the current or estimated value of the property.
Find out how our panel of Specialist Finance Brokers can assist to find the right deal for you.
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