Securing development finance from major banks is becoming increasingly difficult, with stricter lending criteria reminiscent of the GFC era. Banks often require 100% debt coverage from pre-sales and are reducing the percentage of hard costs they will fund, limiting opportunities for many developers.
At Self Employed Finance, we offer access to non-bank lenders, private equity, and private lenders who take a more flexible approach—often not requiring any pre-sales.
These lenders assess funding based on the Gross Realisation Value (GRV) of your project, rather than traditional cost-based methods, providing you with greater borrowing capacity to bring your project to life.