Property Development Finance – From rags to riches
For many, the idea of making it big using property
development finance to secure a successful property portfolio is something they
dream about. But it can be a reality. The Times newspaper profiled one such
developer, Paul Roshan, a 33 year-old with 25 properties across London. Rather
than skimp and save, property development finance for Roshan was all about
going for the best – developing lavish, hotel-quality flats aimed at
Property Development
Finance – Rags to riches
Roshan’s story of how property development finance has opened the door to a multi-million pound business is a typical rag-to-riches story; especially when you consider he began life selling paintings in Bermondsey Market. A series of properties bought in run down areas, refurbished and sold on, gave him the foundations to build his portfolio. Aiming high may take more financial risks, but if you know the location is right – such as the golden triangle of Chelsea, Knightsbridge and Kensington and you have property development finance in place – then you could make massive profits. Currently, Roshan rents properties at £6,500 a week, valued at £5.5 million to buy – but the properties tick all the right boxes – superior quality, space, and in strolling distance to Harvey Nichols.
Securing property
development finance
Securing property development finance is crucial if you want to get the profit margins right – and not always easy at such a high level. It’s not the same as a residential day-to-day buy-to-let mortgage. But there are specialist property development finance experts who can help. Using a property development finance broker that has strong relationships with banks and lenders is crucial when it comes to getting competitive terms. Property development finance is even crucial for developers such as Roshan who have a £70 million portfolio – it’s necessary to enable the developer to carry out the necessary refurbishment of the property in question. Using property development finance and refinancing once the project is completed is one way of obtaining a cheaper rate of interest.
But the key to success as well as securing property development finance is to know your market inside out. Yes, property development can be a risk, but get it right and the profits can be astronomical.
Speak To Swift
Property Finance about Property Development Finance
Swift Property Finance are delighted to be considered specialists in the property finance field and are pleased to go that extra mile on behalf of our customers. Offering everything from bridging loans to property investment finance and expert advice from experienced brokers, Swift Property Finance is at the forefront of the industry. Offering over 15 years experience in the property field and providing an impressive list of lending sources ranging from major banks to wealthy private investors. For more information, simply call 0845 680 0609.
Development Finance