Homebuilder Financing Checklist
Are you applying to finance your site or building? It can seem daunting - So where do I start?
Speeding up securing a loan can be made easier by having all the relevant documents and numbers in place before approaching a bank, broker or investor. This document is supplied by Golden Trust Capital provides a guide and can be used to apply for finance whether it is bridging on a single house or a loan to build out an apartment site.
In summary a development or bridging finance checklist includes data and information that will demonstrate the financial viability of a project. Once the property development checklist is completed, it can be emailed to Golden Trust Capital, your chosen finance partner or used as a tender document to gain quotes from other financiers.
- Project proposal: A detailed plan that includes the property details, development plans and estimated costs
- Planning permission: Details of any planning permission applications and restrictions
- Building and site plans: Drawings or designs for the project by an architect or designer
- Schedule of works: A detailed schedule of works for the project
- Asset, Liability, Income and Expenditure Summary (ALIE): A summary of your assets, liabilities, income and expenditures
- Financial statements: Bank statements and other financial documents to prove the viability of the business
- Proof of identity and address: Proof of your identity and address although additional KYC may be required
This form is available to download for free in Word (DOC, DOCX) and Google Docs format too
NOTE WELL THIS IS NOT A LEGALLY BINDING DOCUMENT AND MAY NOT HOLD UP IN COURT.
