Funding Your First Project
Property Development Finance for First-Time Developers
Securing funding for your first residential development project is often the hardest part. Many banks and lenders want to see a long track record before they will consider an application, which can leave strong projects stuck before they even break ground.
But Hunter Finance works differently. We have provided development finance to more than 150 first-time developers across the South East, and we don’t believe limited experience should stop a strong project from being considered.
We’re always open to working with inexperienced developers, as long as the project is viable, the numbers are realistic and there is a clear plan in place.
If that sounds like you, get in touch with us today.
First-time Developers We Can Consider
We consider applications from
- Individuals taking on their first residential development project
- Builders and tradespeople moving into their own development for the first time
- Property investors stepping up into development finance for a new build or conversion
- Landowners with planning permission who want to develop rather than sell
- Anyone who has found it difficult to get funding due to limited development experience
How Hunter Finance Can Help
Development Finance
Development finance for private residential property developments in the South East UK.
Bridging Loans
Bridging loans for developers to provide short-term finance to ‘bridge the gap in projects.
Equity Finance
Equity finance for property developers in return for a share of the development’s profit.
Pre-completion Loans
Pre-completion finance loans for property developments that are very close to completion.
Exit Finance
Exit finance is used to repay outstanding development finance so that it's ready for sale.
What Makes a Strong First-Time Application
We assess each project on its own merits. For a first-time developer, the following factors will strengthen your application significantly:
- A well-located site with full planning permission
- Evidence of market research and a project plan designed to meet local demand
- Detailed, realistic build estimates, ideally from a quantity surveyor or experienced contractor.
- A clear GDV forecast based on comparable sold properties nearby.
- An experienced and reliable project team, including architects, engineers, suppliers and contractors.
- Sensible contingency built into budgets.
- A clear exit plan, such as selling or refinancing the completed property.
Having a strong team around you can be worth its weight in gold for an inexperienced developer, strengthening your application and helping you avoid common pitfalls. If you’re successful, we’re also on hand to share our extensive experience.
For more information, read our guide to Writing a Strong Property Development Finance Application
What We Need From You
We do not expect first-time developers to have a portfolio of completed projects; that’s why you’re talking to us. However, when reviewing any application from a first-time developer, we need to understand:
- The location and planning status of the proposed site
- Purchase price or current site value
- Full build and cost schedule, including timescales, milestones and contingency
- Expected GDV on completion
- Your project team
- Any relevant professional or construction experience
- Exit strategy
For more information, read our Lending Criteria.
Why First-Time Developers Choose Hunter Finance
Fast Decisions
Most decisions are made within 7 days, and an agreement in principle as fast as 24 hours.
Up to 100% of build costs
Our loans can support up to 100% of the build costs, helping you keep work moving without tying up unnecessary capital.
No broker or upfront fees
No middleman, and an agreement in principle costs nothing.
Independent lender
Deal directly with Hunter Finance. We use our own funds and make our own decisions.
South East Experience
We’ve successfully worked with over 150 first-time developers in the South East
Cases considered on merit
Your project is assessed on its strengths, not just a template.
Our Successful Projects
Hunter Finance has supported first-time developers ranging from builders completing their first residential scheme to private individuals developing their own land.
In one case, the applicant had a vision for a sustainable detached cottage-style property in Heathfield, East Sussex. The proposal had strong project fundamentals, but they could not get past the track record requirements of mainstream lenders.
We lent £305,000 on the strength of the scheme itself, helping them create a high-quality home, with a 95 EPC rating, in just 8 months.
View our other case studies to find out how we’ve helped developers like you.
First-Time Developer Finance FAQs
Can a first-time developer really get development finance?
What if I do not have a contractor lined up yet?
Do I need a broker to apply?
How quickly can you make a decision?
Ready to Discuss Your First Project?
If you are planning your first development project, contact us to find out how we can help you turn it into reality.
What Our Developers Have To Say
Want to find out more about what our clients have to say about us?
