{"title":"What finance is available to the smaller residential developer in the UK, and what is the broker's role in arranging such finance?","authors":"Chris Dowdeswell","doi":"10.1002/bref.102","DOIUrl":null,"url":null,"abstract":"<p>This paper is intended to give the reader an overview of the current funding possibilities for small residential property developers in the UK. The main focus will be on developers of new homes but most of the principles apply to those involved in the conversion and refurbishment business who are likely to rely upon broadly similar funding arrangements. It is accepted that some smaller developers are able to finance their schemes out of their own cash flow without the need for borrowings; however, even if they are in this fortunate position, many of them opt to borrow so that all of their cash resources are not tied up in land and work in progress. Their own spare funds are then available to take advantage of opportunities to acquire land, and to secure options and conditional contracts etc. The vast majority of developers borrow to ensure that they have projects in the pipeline and at various stages of maturity. Copyright © 2004 Henry Stewart Publications</p>","PeriodicalId":100200,"journal":{"name":"Briefings in Real Estate Finance","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2006-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1002/bref.102","citationCount":"2","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Briefings in Real Estate Finance","FirstCategoryId":"1085","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1002/bref.102","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 2
Abstract
This paper is intended to give the reader an overview of the current funding possibilities for small residential property developers in the UK. The main focus will be on developers of new homes but most of the principles apply to those involved in the conversion and refurbishment business who are likely to rely upon broadly similar funding arrangements. It is accepted that some smaller developers are able to finance their schemes out of their own cash flow without the need for borrowings; however, even if they are in this fortunate position, many of them opt to borrow so that all of their cash resources are not tied up in land and work in progress. Their own spare funds are then available to take advantage of opportunities to acquire land, and to secure options and conditional contracts etc. The vast majority of developers borrow to ensure that they have projects in the pipeline and at various stages of maturity. Copyright © 2004 Henry Stewart Publications
在英国,小型住宅开发商可以获得哪些融资?在安排此类融资时,经纪人扮演什么角色?
本文旨在为读者概述当前英国小型住宅房地产开发商的融资可能性。新规的重点将放在新房开发商身上,但大多数原则适用于那些参与改造和翻新业务的企业,它们可能依赖于大致类似的融资安排。人们普遍认为,一些规模较小的开发商能够用自己的现金流为他们的计划融资,而不需要借款;然而,即使他们处于这种幸运的地位,他们中的许多人选择借款,这样他们所有的现金资源就不会被土地和正在进行的工作所束缚。然后,他们可以利用自己的空闲资金来获得土地,并获得期权和有条件合同等。绝大多数的开发者都是通过借贷来确保他们的项目正在进行中,并且处于不同的成熟阶段。版权所有©2004 Henry Stewart Publications
本文章由计算机程序翻译,如有差异,请以英文原文为准。