Need capital for a property project without committing all your funds upfront? Development finance provides staged funding, released as your project progresses. It’s ideal for residential, commercial, or mixed-use developments where timing and cash flow are critical.
At Evergreen Capital, we connect you with lenders who specialise in different types of builds. From first-time self-builders to experienced developers, we’ll help you secure the right finance quickly and efficiently.
How does development finance work?
Step 1: Apply
Tell us about your project. We’ll review key details such as planning permission, location, construction costs, and projected GDV (gross development value). Lenders also consider your experience, particularly for larger or commercial developments.
Step 2: Assessment
Lenders evaluate your proposal and run the numbers. If the project is viable, they’ll confirm a loan amount - we can fund up to 100% of the land acquisition cost, and up to 100% of the cost of works.
Step 3: Drawdown in stages
Funds are released in phases as your project progresses. Initial funds often cover land acquisition, followed by construction milestones. Each stage is typically signed off by a surveyor before the next tranche is released.
Step 4: Repayment
Development loans usually run 12–24 months. At completion, the loan is repaid either by selling the finished property or refinancing through a longer-term mortgage, such as buy-to-let or commercial finance.