Calculate Your Development Finance
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Calculate Your Development Finance
When it comes to development finance, having a clear understanding of your project’s financial aspects is crucial.
At GPS Financial, we specialise in helping clients navigate the complexities of property development, refurbishments, conversions, renovations, and regeneration projects.
Instead of relying solely on automated tools that you find online, we recommend reaching out to our team of specialists for tailored development finance quotes and expert guidance.
Understanding Development Finance
Development finance is designed specifically for large-scale property development projects. These projects can be intricate and involve various fees and costs that may not always be evident at first glance.
Whether you’re looking to redevelop a residential property for personal use, rental purposes, or resale, development finance can play a crucial role in facilitating your project’s success. It also extends to support commercial property ventures and works in a similar way for business-focused projects.
How is Development Finance calculated?
Development finance is specifically for property development, refurbishments, conversions, renovations and regeneration projects. It is specialist finance for large-scale property projects, but this can make calculations complex and difficult to understand the fees and costs involved.
Whether you have secured land and planning permission for residential development or are embarking on a different type of project, GPS Financial can help you find the best development finance solution for your project and provide you with clear, transparent information about the costs involved with it all.
Our team can help you understand the following key aspects:
- Project Costs: Get a clear picture of what your project will cost, including construction expenses and other associated fees.
- Profit Potential: Determine the potential profit you could make from your project.
- Lender Terms: Estimate the terms that lenders may offer for your specific project.
- Financing Requirements: Calculate how much you’ll need to borrow and how much you’ll need to finance independently.
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Giving you peace of mind while you sit back and let us do all the work for you while finding you the best deal for your financial situation.
What goes into the calculation?
Our development finance experts can help you understand what a project will cost, the likely fees involved, potential profit and estimate the terms a lender may offer.
For example, let’s say you have secured land and planning permission for residential development.
You bought the land for £600,000 and estimate it will cost £2.5 million to build 10 detached homes. The total cost of the project is estimated to be £3.1 million.
The estimated value of each house once complete is £450,000 which gives you a Gross Development Value (GDV) of £4,500,000 (10x £450,000).
You can finance up to 65% of the cost of the land (£390,000) and 100% of the build cost (£2.5 million) for a total of £2,890,000.
The total borrowing requirement must remain within 70% of the Gross Development Value (LTGDV).
How much will you need to borrow? How much will you need to pay in fees and costs? How much profit might you stand to make? How much will you need to finance yourself?
GPS Financial is here to assist you with answering each of these questions and get a development finance quote for your project.
Calculate your Development Finance with GPS Financial
While online tools like development finance calculators can provide preliminary insights, they are not a substitute for the expertise of a property finance specialist.
Our team at GPS Financial is here to collaborate with you to make accurate calculations with due diligence and ensure that you receive a competitive quote and the guidance you need to make informed decisions about the viability of your project.
If you’re looking for assistance with development finance or have questions about your project’s financial aspects, we encourage you to reach out to our expert team.
Contact GPS Financial today to explore your development finance options and secure competitive finance to fund your project.
Speak To An Expert
Giving you peace of mind while you sit back and let us do all the work for you while finding you the best deal for your financial situation.
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