Property development can be a lucrative property investment, but it requires specialised loans. Finding the right loan is essential, and some non-bank lenders offer a range of financing options.
Project lenders assess the quality of your security and will look at things like the zoning of your land. They will also consider if your land has the potential to change its use. For more information about the commercial property development financing Adelaide, click here.
Shopping Centres
A shopping centre, also called a shopping mall or shopping plaza, is a 20th-century adaptation of the historical marketplace designed to accommodate automobiles. It is a group of independent retail stores, services, and a parking area conceived, constructed, and maintained as a single unit managed by a management firm. It may also contain restaurants, banks, theatres, and professional offices.
A diverse range of goods and services can be found in a shopping centre. Moreover, shopping centres provide a platform for small businesses to reach new customers, thus contributing to the local economy. Precision Group makes its first purchase in New Zealand, acquiring Takapuna’s Shore City Shopping Centre. Its $75 million redevelopment includes opening a fresh, convenient, customer-first New World Metro supermarket with a mix of other specialty and convenience retailers. The centre is 97% leased.
Factory & Industrial Units
Unlike retail properties, where you must attract several tenants, industrial buildings are usually built for a specific purpose. For example, warehousing and distribution facilities need ample warehouse space with high ceilings to accommodate racking systems for storing business inventory. These industrial properties often feature truck doors for loading and unloading goods and are found in out-of-town industrial parks. For more information about the commercial property development financing Adelaide, click here.
Your plans must be clear if you want to develop a factory or an industrial unit. Your bank will need a specialist valuer to review the building plans and determine the property’s value.
If you want to build a commercial development requiring multiple dwellings, consider a residual stock loan. This type of commercial property development financing in Adelaide can help you get the funds you need to pay Bill, the builder, and Scott, the sparky. You’ll also benefit from lower interest rates compared to traditional mainstream lenders. The key is finding a lender with flexible lending criteria and a strong track record.
Office Space
Office space is a vital aspect of our economy and one of the most commonly sought-after property developments. However, they are also difficult to finance because traditional lenders often consider them ‘high risk’. This can be a problem because commercial developments have many moving parts that require a lending solution that is professionally structured to ensure successful outcomes.
Fortunately, non-bank lenders now provide a lifeline for developers needing commercial property development financing. These lenders are flexible, specialised and quick. They understand the stumbling blocks that typically arise in commercial property development and help developers overcome them to get their projects off the ground much sooner. This is especially important for those looking to exploit booming market conditions.
High-Density Living
High-density living has many advantages and disadvantages that should be carefully considered before deciding to move. Some cons are traffic congestion, fewer outdoor spaces, higher building costs, reduced housing choice and community amenities. Furthermore, these issues can be mitigated through careful planning and resource management. It is also worth noting that densely populated areas can help to maintain water quality by reducing the amount of land consumed at lot and drainage levels. For more information about the commercial property development financing Adelaide, click here.
It is essential to enlist the services of a property development finance broker when you are ready to begin your next commercial property project. The broker will help you to get the funding you need by completing a feasibility study and gathering sales evidence within the development area. They can also assist you with arranging an expert valuer who is familiar with your property type. This will ensure you receive the best valuation and can obtain the loan you need.