How the money flows
Land is often funded first, sometimes with a bridging loan. Build costs are released in tranches after a monitoring surveyor confirms progress.
What lenders look at
Track record, a full cost plan with contingency, the gross development value and a realistic sales or refinance strategy.
Bridging the equity gap
Where senior debt falls short, mezzanine or joint venture equity can make up the difference, at a higher cost.
Frequently asked questions
Can a first time developer get funding?
Yes, usually on a smaller scheme with an experienced contractor and professional team.
What happens if the build overruns?
Lenders expect contingency. Overruns beyond it usually need more equity.
Last reviewed: 2026-10-15