Connect have access to a range of development funders still lending, albeit with lower loan to value sizes. Many of these properties, such as vacant buildings or development sites, can have a full valuation as they are not occupied, avoiding unnecessary delays.
We also have a good range of development exit bridge funders still available, helping clients with completed sites to capital raise while they wait for the properties to be sold.
Smaller development sites seem to be still thriving with work continuing while adhering to the social distancing requirements.
If you are considering a new development or refurbishment project, now is a great time to pick up opportunities. You can potentially purchase sites at a lower cost, and by the time the project has completed, the economy may be looking more normal.
To find out more about development or refurbishment finance or to discuss a development exit bridge product Get in Touch!