Outlook for Development Finance in the UK (October 2011)
There has been industry concern over a lack of available funding for the development of commercial property. This paper examines the availability of development finance and its attractiveness to borrowers. Views of lenders and borrowers are sought, examining types of lenders and affordability of debt for developers. The research found debt to be available, but to be unaffordable and with a pre-letting requisite. Specialist debt funds and institutions are expected to fill lending gap.