No Pre-sales on Developments?

While credit markets have recovered significantly over the past six months, banks are still extremely wary of development funding and will only fund these transactions under the most conservative terms. This can be a problem for developers who have projects not conducive to pre-selling. If you are conductinga development and would like to forego any pre-sale requirement, Perry Finanical Strategies has the solution for you. Our panel of lenders include several private funders who are able to lend against the Gross Realisable Value of a development without any pre-sales. This product is particularly suited to residential developments from 2-10 units. Contact us for more details.