Development Finance in Nottingham
CoreFi arranges development finance for Nottingham developers and businesses, principally limited companies building, converting or refurbishing property. We match your scheme to lenders who fund in the East Midlands. Loan-to-cost, loan-to-GDV and rates are indicative and depend on the scheme, your track record and lender appetite.
Development finance is short to medium-term funding for building, converting or heavily refurbishing property, usually released in stages against the project as it progresses. Across Nottingham, from conversions of old hosiery and lace factories in Sneinton and the Lace Market to residential schemes in the Meadows, West Bridgford, Beeston and out toward Long Eaton, developers use it to fund ground-up builds, permitted-development conversions and larger refurbishments where the finished value supports the borrowing.
CoreFi is a commercial finance broker. We work with developers and businesses, principally limited companies, to understand the scheme and match it to lenders whose criteria fit. We do not lend ourselves and we do not decide the outcome. Whether finance is offered, and on what terms, depends on the scheme, your experience, the exit and each lender's appetite at the time. Any loan-to-cost, loan-to-GDV, rate or timescale mentioned on this page is indicative and for illustration only.
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Tell us about the scheme
Share the site, what you plan to build or convert, the costs, the expected finished value and your track record. There is no cost to talk it through and no obligation.
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We match you with development lenders that fit
We identify the lenders on our whole-of-market panel whose appetite fits the scheme type, the location and your experience, and we package the deal with the numbers, programme and exit set out clearly.
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You review indicative terms and decide
Where lenders show interest, we bring you the indicative loan-to-cost, loan-to-GDV, rate and terms in plain English. Figures are illustrative until a lender issues a formal offer. You decide whether to proceed, and we manage it through drawdowns to completion.
The schemes Nottingham developers bring us
Nottingham's building stock and its ongoing regeneration create a steady flow of development projects. Conversions of former textiles, hosiery and warehouse buildings in Sneinton, the Lace Market and along the canal into flats or mixed use; ground-up residential on brownfield plots across the Meadows, Radford and the outer suburbs; small residential terraces and infill in commuter areas such as West Bridgford, Beeston and Arnold; and commercial or student schemes serving the two large universities. Each is judged differently. A first conversion by a developer with a couple of projects behind them is a different proposition from a phased multi-unit build by an experienced team, and lenders structure the facility, the drawdowns and the pricing to match.
How development facilities are structured
Development finance is not a single lump sum. Lenders typically advance a proportion of the land or purchase cost up front, then release the build cost in stages, often against a monitoring surveyor's sign-off as work is completed. They look closely at two figures: loan-to-cost, which is how much of the total project cost is funded, and loan-to-gross-development-value, which is the borrowing against the finished, valued scheme. They also want a credible exit, usually a sale of the completed units or a refinance onto a term facility. Because the money is released in stages and repaid from that exit, lenders weigh your track record, the build programme, the professional team and the strength of the exit heavily. A well-evidenced scheme with a realistic exit tends to matter more than a headline rate.
Why a broker helps on a development scheme
Development lenders vary widely in appetite: some prefer experienced developers and larger schemes, others will back a first or second project; some like the East Midlands residential market, others concentrate elsewhere or on commercial. A broker knows where a Nottingham scheme is likely to land and can present it in the way a development lender expects, with the numbers, the programme and the exit set out clearly. That tends to save time and reduce dead ends. It does not guarantee an outcome. The loan-to-cost, loan-to-GDV, rate and terms are decided by the lender based on the scheme and your experience, and no broker can promise them in advance.
Frequently asked questions
Do you fund first-time developers in Nottingham?
Some lenders will consider less experienced developers, usually on smaller or simpler schemes and often at a lower loan-to-cost. Whether your scheme can be funded, and on what terms, depends on the project, your background and the lender's appetite. We are straight with you about what is realistic.
How is development finance paid out?
Usually in stages. Lenders typically advance part of the land or purchase cost up front, then release build costs in drawdowns as work is completed, often against a monitoring surveyor's sign-off. The exact structure depends on the lender and the scheme.
Do you lend the money yourselves?
No. We are a commercial finance broker, not a lender. We match your scheme to development lenders whose criteria fit, but the facility, the loan-to-value figures, the rate and the decision sit with the lender and depend on the scheme and your experience.
What figures do lenders focus on?
Principally loan-to-cost and loan-to-gross-development-value, alongside your track record, the build programme, the professional team and the credibility of your exit, usually a sale or a refinance. Any figures we mention are indicative until a lender issues a formal offer.
What will it cost me?
It costs nothing to start the conversation. Development deals can involve broker, lender and professional fees; we set out clearly and in writing what applies to your deal before you commit.
Get matched with lenders for your Nottingham business
Tell us what your business needs and we will match you with lenders whose criteria fit. No obligation, no cost to start the conversation, and a straight answer about what is realistic for your situation.
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