Development Finance

Property development can be an exciting and rewarding endeavour, but it also requires substantial financial backing. Whether you’re looking to build a new residential complex, convert an existing property, or undertake a large commercial development, securing the right financing is essential to bring your vision to life. This is where development finance comes into play.

As a property developer, understanding the intricacies of development finance is crucial to ensure your project runs smoothly from start to finish. At Blackstone Solicitors, we provide expert legal services to property developers across England and Wales, guiding you through the complex process of securing and managing development finance.

Contact our secured lending and property finance solicitors today to find out more about how our specialists can help you and your company. Either call us on 0330 808 0839 or complete our online enquiry form and a member of the team will give you a call back.

“Natalie at Blackstones provided an excellent service to me in relation to a dispute. She was really helpful, pragmatic and efficient and empathetic which led to the right outcome. I wouldn’t hesitate recommending both her and the team in the future.”

– Anonymous

What is Development Finance?

Development finance is a type of loan specifically designed to fund the construction or renovation of property developments. Unlike traditional mortgages, which are typically used to purchase completed properties, development finance is tailored to support projects that require substantial construction or refurbishment work.

Development finance is often provided on a short-term basis, usually covering the duration of the build, and it is typically repaid either through the sale of the developed properties or through long-term refinancing once the project is completed.

How Does Development Finance Work?

Development finance operates differently from conventional loans. Typically, the lender provides funds in stages, corresponding to the progress of the project. These stages are referred to as “drawdowns” and are usually aligned with the major milestones in the development process, such as the completion of groundwork, the construction of the frame, and finishing works.

With regards to development finance, we can also advise upon:

Our Approach

We are 100% committed to ensuring each and every one of our clients receives the highest quality service and we will go the extra mile to ensure that you are happy with the results gained. We understand it can sometimes seem rather complicated to deal with matters relating to property finance this is why our friendly and approachable team always take a sympathetic and understanding approach, ensuring that you receive the support you need.

We believe communication is of the utmost importance. We will therefore keep you updated as things develop, and our solicitors will provide practical, straightforward legal advice so that you can be confident everything is progressing as you would like.

Development finance can be complex, with numerous legal requirements and considerations that must be addressed before and during the project. At Blackstone Solicitors, we offer a full range of legal services to property developers, including:

Loan agreements: Ensuring the terms of your loan agreement are clear, fair, and tailored to your project.
Construction contracts: Drafting and reviewing contracts with builders, architects, and contractors to protect your interests.
Exit strategy advice: Helping you navigate the sale or refinancing of the completed development.

Development finance is an essential tool for property developers looking to undertake new builds, conversions, or large-scale renovation projects. However, it’s a complex process that requires careful planning, detailed financial assessments, and a solid understanding of the lender’s requirements.

By working with experienced professionals, including legal advisors and financial experts, you can secure the right finance for your project and ensure its successful completion. At Blackstone Solicitors, we specialise in providing legal advice to property developers across England and Wales. If you need assistance with development finance or any other aspect of property development, contact us today to discuss how we can help you achieve your goals.

Why Legal Help is Important

Secured lending and property finance involve complex legal and financial arrangements that require expert advice. At Blackstone Solicitors, we work closely with businesses and individuals across England and Wales to ensure that every aspect of the transaction is handled with precision. We can assist in negotiating terms, ensuring regulatory compliance, and mitigating risks, all while keeping your business’s best interests at heart.

With our in-depth knowledge and experience, we ensure that you are fully protected throughout the lending process, from initial negotiations to final completion. If you’re looking to secure finance for a real estate project or are a lender, get in touch with our team today to discuss how we can assist you in achieving your business goals.

Our Services

The specialist solicitors at Blackstone provide a range of services to help businesses with their finances. These include, but are not limited to, the following:

Get in Touch

For more information about our services and how our secured lending and property finance solicitors can help you with any aspect of your financial dealings, do not hesitate to get in touch. You can call us on 0330 808 0839 or allow us to call you back by completing our online enquiry form.

Why Choose Us?

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