Property development finance is a type of funding used by property developers to finance the construction or refurbishment of properties.

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This type of finance is typically used by developers who are looking to build or renovate a property with the intention of selling it for a profit, or to rent it out and generate a rental income.

Property development finance can be provided by a variety of sources, including banks, private lenders, and specialist finance companies.

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The terms and conditions of the finance will depend on the lender and the specific project, but generally, the developer will be required to provide a detailed business plan, including cash flow projections, as well as collateral to secure the loan.

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The lender will typically assess the viability of the project and the developer's ability to repay the loan before deciding to provide finance. Once the loan is approved, the developer will receive the funds in stages as the project progresses. Repayment terms will vary depending on the lender and the project, but generally, the loan will be repaid once the property is completed and sold or rented out.

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Property development finance can be a useful tool for property developers looking to finance a project, but it is important to carefully consider the terms and conditions of the finance and ensure that the project is viable before proceeding.

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