Truffle Specialist Finance

Development Finance

When property investors or developers need finance to fund residential development projects or change of use projects, or to convert properties from commercial to residential (especially if they have multiple development projects running in tandem), we can help.

Key Features →

Contact Truffle

Development Finance By Design

If your client is looking for finance to fund residential development projects or change of use projects, converting properties from commercial to residential, talk to us. We work in partnership with intermediary only lenders, who appraise each application on its own merits, so we can offer completely unique solutions.

For New & Existing Property Developers

Property developers have unique needs because they are likely to need development finance for several projects running in tandem. Having provided this service for multiple clients in the past, we know which of our lenders have a track record of being comfortable with funding developers, including those who are new to residential development or who have limited experience.

Our Speed Is Your Gain

Traditional high street lenders are averse to offering this kind of finance – whereas our track record in specialist development finance speaks for itself. Our unique process enables us to be fast and efficient, which means a solution is quickly found for your client. And the sooner the funding application is approved, the sooner you can start receiving commission.

Proven Process

We will be involved as closely with your client as you would like – whether directly or through you. We invest time in understanding their exact requirements and sift through our network of lenders to seek specific terms. Once our proposal is agreed we will formally apply on your client’s behalf: instructing a valuer; a monitoring quantity surveyor; and beginning the legal process, including the initial loan draw down to purchase the site or start the works.

Finance Checklist

Residential property development
Single residential units
Multiple residential units
Commercial to residential

New residential developers
Experienced residential developers

Change of use
Conversions
Renovations

Frequently Asked Questions

Whether your client already owns the land or has identified a potential project, as long as they can provide: the purchase price or costs; costs of building/conversion/renovation works; and an end value – they can begin the process.

In most cases the fees can be added onto your client’s loan, rather than needing to be paid via a cash reserve.

Some lenders will fund developments without planning permission and will factor in time to allow your client to obtain planning or change of use permissions. While the loan is likely to only represent 50% of the land’s value, further funds can be raised once planning permissions are in place.

Projects are assessed on a case-by-case basis with different fees with different structures being charged but fees usually include: set up fee, interest, professional costs, contingency and exit fee.

During the course of a development, the principal site contractor will expect pre-agreed, usually monthly, payments. Subject to lender approval, the developer will draw down from their lender agreed funds to pay for such upcoming works in advance.