Loan Industry Improving

Wow! what a year in lending. Two years after the first shakes of the finance industry, and we are now seeing signs of improvement in commercial finance and property development.

Whilst development finance has nearly dissappeared entirely, lenders are just starting to find some money to allocate to the high risk area of lending. Commercial lenders are still shy of any risk, however there are still a few cashed up lenders willing, although rates are high.

I have 3 mainstream lenders who have shown interest in a good deal, with a few fringe lenders asking for a crack at a project. The catch is, the deal has to be spotless, good margin, presales, good asset position and plenty of fat in it.

Watch this space, we will keep you informed in the coming months on new sources and the new processes of securing finance for your property project.