Specialist funding for residential and commercial property developers — from ground-up new builds to conversions, refurbishments and mixed-use schemes.
Development finance provides the funding that property developers need to bring their projects to life. Whether you are building new homes from the ground up, converting a commercial building into residential units, or undertaking a major refurbishment, JP Abercrombie has the expertise and lender relationships to arrange the right development finance for your project.
Ground-up development finance funds the construction of new buildings from the foundations upwards. Funds are typically drawn down in stages as construction progresses, with interest charged only on the amounts drawn. Lenders assess the gross development value (GDV) of the completed scheme, the build costs, the developer's experience and track record, and the strength of the exit strategy. We work with a broad panel of development finance lenders — from high-street banks to specialist and private funders — to find the most competitive terms for your project.
Not all development projects involve building from scratch. Conversion finance funds the transformation of existing buildings — such as offices, barns or commercial premises — into residential or alternative use. Refurbishment finance funds the renovation and improvement of existing properties, from light cosmetic works to heavy structural refurbishments. Each type of project has its own funding requirements and lender criteria, and we will identify the most appropriate solution for your specific scheme.
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