How Development Finance Works? | Getting a loan for property development in Ireland
Development finance is a short term loan that is used to finance the construction or development of a property. The loan is typically repaid when the property is sold or refinanced. Development finance can be used to finance both residential and commercial properties. It can also be used to finance the construction of a new home, an extension or renovation to an existing property, or the purchase of a plot of land. Development finance is typically used by developers, builders, and investors. It can also be used by individuals who are planning to build their own home. The loan can be used to cover the costs of materials, labour, and other associated expenses.