February 26, 2010
Financing Real Estate Development!
If you’re new to development finance you must change your thinking. You are extremely familiar the fifteen to 30 year mortgage finance tool.
You may have employed a ‘Line of Credit’ as a different way of financing as you increase you money wealth. Both these techniques are used primarily for financing property acquisitions. I hear a small number of you say, “But I used these for redeveloping a home or some apartments.”.
Well that’s not what we, in the development world, mean when we are saying property development ; we call a refurbishment or a refit. So financing property development is financing a totally new development and loan financing isn’t the proper tool for the job. The best way is to offer you a fast comparison between a home loan lending and financing property development.
For more information please quote “development finance” lvk
Comments Off