“I think any developer going into a scheme without contingency are headed towards potential cost overrun, we know that through the life of a scheme it won’t always go to plan so we will expect a contingency”.

In this episode, Aprao speaks to Daniel Joyce, a Director within the Property Finance team at Close Brothers. Close Brothers is a leading merchant banking group and one of the largest 250 companies listed on the London Stock Exchange. Close Brothers Property Finance has over 40 years of property lending experience and supports experienced lenders across England, Scotland and Wales.

In this episode, Daniel Joyce lends on his experience to provide advice for developers within our current market. We create an example Aprao project that you can follow as we go along, looking at how to structure sales, build costs and site acquisition. We also cover what lenders are looking for when it comes to experience and key metrics, as well as what to expect with typical project terms.