DEVELOPMENT FINANCE
IN TORQUAY

Access the funds you require to finance the construction, conversion and refurbishment of your development projects in Torquay and the greater Torbay area

Our experience, passion and knowledge of the complexities of the development finance sector particularly in Torquay and the surrounding area, allows us to offer a funding solution that can get your project moving, over the line and on the best possible terms. No matter whether you’re an experienced developer or a first-time developer, our commitment to you remains the same – an industry-leading solution based around your requirements, quickly, on time and on budget.

Types of development finance in Torquay

Senior Lending

A first charge loan that would normally make up the majority of the funds needed to complete a property development project.

Stretched Senior Lending

A first charge loan that provides a higher Loan to Cost or Loan to Value percentage than a typical Senior Debt facility can allow.

Mezzanine Finance

Designed to act as a top-up loan, to bridge the gap between the developer’s available deposit and the loan available from the senior lender.

Equity

The cash sum a developer puts into a project to buy and develop it. Increasingly there are lenders that will help with this part as well.

Exit Funding

Used to repay outstanding finance against a property development once the project is complete.

Bridging Finance

A loan you can use to buy a new property that you need to renovate before re-selling or renting on the market.

What is Development Finance?

Development finance refers to a specialized form of financing that is used to fund and support projects involving the construction, renovation, or development of real estate and infrastructure. It is typically used for large-scale projects, such as housing developments, commercial buildings, or infrastructure improvements. Development finance can cover various costs associated with the project, including land acquisition, construction, permits, and other related expenses. This type of financing is often provided by banks, financial institutions, private investors, or government agencies. The terms and conditions of development finance can vary widely, and it can involve various financial instruments, such as loans, equity investments, or a combination of both, depending on the needs of the project and the parties involved. Though development finance and associated lending, Comcor Capital can facilitate and support the successful completion of development projects.
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development finance in Torquay