Premises Finance offers four main types of development funding:

1. Gross Realisation Funding:
   
   Gross Realisation Funding is funding against the end value of the product. Gross Realisation Funding packages can provide up to 100% of the hard costs of a development, and up to 80% of a projects end value. In most cases, presales are not required which eases pressure on the client to discount stock to achieve sales targets imposed by the lender. As a result, Gross Realisation Funding significantly reduces the client’s personal contribution to the project, and allows clients to maximise their investment through sales on completion of their project.
    

2. Equity Funding:
   
   Equity Funding finances the gap between a developer’s primary or first mortgage and the total development costs. Often this results in the full funding of the equity required to complete the project, the soft costs of the project and any ongoing charges and taxes payable during the course of construction. While traditional Equity funders will require profit share arrangement with their clients, Secure Financial has access to funders that simply charge a commercial interest rate on the funds advanced. This provides certainty for the developer in that they know up front real costs of the finance and they are not relinquishing hard earned control over the development to a third party.
   
    

3. Funding against cost:
   
   Funding against Cost, a more traditional, institution based type of lending, sees lenders advancing funds against the actual costs of a development. While traditional lending institutions require developers to contribute at least 20% of the hard costs of the development, Secure Financial has access to institutions that will lend up to 80% of the developments total cost (as opposed to the hard costs which often equates to around 90% of hard costs). Secure Financial also recognises the value of development approval and improving the land’s value as real equity. When supported by sufficient presales, our lenders will lend up to 90% of costs, and in some circumstances, when coupled with increased land value (with development approval), can fully fund developments. 
    

4. Landbank Funding:
   
   Where a property is acquired for future development and the developer is seeking a “hold” facility while development approval is in process, or trying to select a builder or obtain sales.

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