In a property market that’s lost its former pace, developers are finding themselves in a precarious position. The homes are built, yet the buyers aren’t biting as quickly as they once did. As Associate Director of Underwriting at MSP Capital, I’ve seen first-hand the impact a slowing market can have on developers eager to move onto their next venture.
The completion of a development project is an exhilarating milestone, but it’s also the start of a critical race against time. Every day that a sale is delayed, holding costs chip away at the potential profit and you lose out on future opportunities. In a robust market, this isn’t much of a concern. However, when the market shows signs of lethargy, this is where a Development Exit Loan can become your strategic advantage.