Merranti have assisted a client by raising £6 million in development finance for construction and unconditional purchase of land.
Funding your new development can be a difficult task with the broker or bank requesting more and more information, not only about your project, they want your history to know that you are able to manage such an endeavour.
Part of the history is the presentation of your previous development projects in a Management Account format that shows your funder you understand the finances around the project.
As well as this a well presented financial appraisal of your development in conjunction with management accounts will further give confidence to your funder.
Development Finance Raised is a service we provide our Property Accounting Clients using our 25 years of property accounting experience.