Development Finance That Works for Local Projects
When you're planning a property development, the right finance partner can make all the difference. At WS Finance, we help property developers across Nottinghamshire and Derbyshire secure tailored funding solutions for new builds, conversions, and refurbishments.
Led by local finance expert Daniel Wenham, we take the time to understand your project and structure the right funding from the outset- whether that’s senior debt, stretch finance, or mezzanine. Our close relationships with niche lenders mean we can often unlock deals others can’t, and we pride ourselves on staying personally involved from application to completion.
Every site is different. Every timeline is unique. And every developer deserves a broker who picks up the phone when it matters. That’s exactly what we do.
Funding for residential and mixed-use schemes
Support from initial proposal to final drawdown
Local insight, national lender access
Transparent, efficient and totally personalised
Planning a project? Let’s talk early- we’re here to help you build with confidence.
What is Development Finance?
If you're new to development finance, here’s a concise explanation of what it is and how it can support your project.
Development finance is a short-term funding solution, typically lasting between 6-24 months. It's specifically designed to cover the purchase and build costs associated with residential or commercial development projects. This can include new builds, conversions, or refurbishments, whether for a single unit or multiple units developed across various phases.
How Does Development Finance Work?
Here’s a brief overview:
Site Purchase:
The first part of the loan assists with purchasing the development site. This could be land for new construction or an existing property set for refurbishment.
Build Costs:
The second part covers the costs of the build. Funds are typically released in stages as the project progresses, often monthly, based on completed work.
Flexible Use:
Development finance can be used for a range of projects, from single-unit refurbishments to multi-phase new builds.
Short-Term Solution:
With terms generally between 6-24 months, development finance provides the necessary capital to get your project off the ground and moving forward.
Benefits of Development Finance
Comprehensive Funding:
Covers both site acquisition and construction costs.
Stage Payments:
Funds are drawn in stages, aligning with project milestones and reducing financial risk.
Short-Term:
Provides the flexibility and immediate capital needed for development projects.
Explore Development Finance Options
Planning a residential or commercial development project?
Submit your enquiry below or speak directly with our team to review tailored development finance solutions aligned with your build schedule and exit strategy.
Development finance can potentially be used for new-build developments, conversions, refurbishments, residential schemes and mixed-use developments. The suitability of the finance will depend on the project and lender criteria.
Funds are generally released in stages as the development progresses. The lender may use monitoring surveys and inspections to assess the work completed before releasing further funds.
Potentially. Depending on the lender, project and overall loan structure, development finance may contribute towards eligible build costs as well as the purchase of the site or property.
The amount of equity required varies depending on the lender, project, site value, development costs and the strength of the overall proposal. A developer's experience and the projected value of the completed development may also be considered.
Potentially. Some lenders may consider first-time developers, although the application may require additional experience within the professional team supporting the project, such as the contractor, architect or project manager.
GDV stands for Gross Development Value. It is the estimated value of the completed development once all proposed works have been finished.
An exit strategy explains how the development finance will be repaid. This could involve selling the completed units, refinancing onto long-term finance or another suitable repayment route.