These are the key stages on the way to the release of development finance:
Step 1
We assess the proposal and provide an indication of support, together with our proposed terms.
Step 2
The developer submits an application form, which enables us to undertake credit searches and issue a written offer.
Step 3
Upon receipt of the signed offer, we instruct our Valuer, Solicitor and Quantity Surveyor to undertake standard due diligence.
Step 4
We transfer the funds for Day One funding, and agree the development funding available to be drawn against the programme of works and cashflow.
Step 5
Development funds are released in arrears, following certification by our appointed Quantity Surveyor who work in partnership with your specialist Relationship Manager who will be your contact through the project.
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