Get It Now

Modernist theme

Netus et malesuada fames ac. Eget gravida cum sociis natoque penatibus et magnis.

FB. PIN. BE. INST. TW.

Fast drawdowns: Why speed matters in development finance

Fast drawdowns: Why speed matters in development finance

Speed is a critical factor in property development, and having access to funds at the right time can make or break your project. Fast drawdowns provide the financial agility needed to keep developments on schedule and avoid unnecessary delays. Here’s why speed matters in development finance and how to ensure you’re working with a lender that delivers.

What are drawdowns in development finance?

Drawdowns refer to the staged release of funds during a property development project. Rather than receiving the full loan amount upfront, developers access funds in increments tied to specific project milestones, such as:

  • Land acquisition
  • Completion of groundwork
  • Structural milestones
  • Final project completion

Why fast drawdowns are essential

  1. Maintaining construction schedules: Delays in funding can disrupt construction timelines, causing knock-on effects throughout the project. Fast drawdowns ensure that contractors are paid on time, materials arrive as needed, and the project stays on track.
  2. Seizing opportunities: In competitive markets, speed can give developers a critical edge. For example, accessing funds quickly for land acquisition can help secure prime sites ahead of competitors.
  3. Managing unexpected costs: Development projects often face unforeseen challenges, such as rising material prices or changes in planning requirements. Rapid access to additional funds allows developers to address these issues without halting progress.

Why choose Imperial Blue Finance?

With a reputation for fast and reliable drawdowns, Imperial Blue Finance ensures developers have timely access to the funds they need to keep their projects moving forward.

Final thoughts

Fast drawdowns are more than just a convenience—they’re a necessity for successful property development. By working with the right lender, such as Imperial Blue Finance, developers can ensure that funds are available when needed, keeping their projects on schedule and on budget.