Development finance is a type of funding used specifically to finance the construction, renovation, or conversion of property, whether residential, commercial, or mixed-use.

It’s designed to help developers cover the costs of the project from start to finish, including land purchase, construction, and sometimes even post-completion marketing.

Lenders assess the Gross Development Value (GDV) and will usually lend up to 60–70% of the GDV, or up to 90% of the total development cost, depending on the lender and experience of the developer.