As a developer, your primary target is the completion of the project at hand with strict adherence to timelines and buyer’s satisfaction. However, it is not always possible to start and complete every project with the requisite project cost at hand. Often, developers rely on borrowing from the market as the development progresses or diversion of funds from other completed projects. However, fluctuating trends in the market can freeze your finances and make it difficult to borrow from other sources. In such cases, you can prevent standstills in work by availing real estate finance.

Real estate finance is the cornerstone of loan books for many banks and financial institutions involved in lending. For the majority of borrowers with real estate assets, this type of finance is a significant factor within their overall finance package.

The recent turmoil in the world’s financial markets, coupled with the dramatic slowdown in real estate markets and rapid recent devaluation of real estate assets presented significant challenges to all providers and users of real estate finance, however markets are now recovering strongly.

Depspite the strong recovery, new and existing transactions are all subject to increasing scrutiny, with covenants and conditions precedent in particular under regular review.