Knowledge is important (along with action), so we want to share some tools and key resources: 

Resource 1: “Unlock Your Property Development Potential: A Comprehensive Financing Checklist for Success”

Resource 2: “11 Steps To Development Success Planner”

When it comes to small to medium developers seeking finance approval, there are a few potential issues that can arise. These include lack of experience, insufficient capital, lack of a strong business plan, and a lack of collateral to secure the loan.

At Ink Wealth, we understand these challenges and have experience working with small to medium developers to overcome them. Our team of experts works closely with our clients to develop a strong business plan, create a realistic budget, and secure the necessary financing.

Common mistakes that developers can make when seeking finance:

• Failing to have a solid business plan in place
• Underestimating the costs involved in the development project
• Not having enough capital or equity to secure the loan
• Not having a clear exit strategy for the project
• Failing to have a comprehensive market analysis for the project
• Not having the necessary permits or approvals in place before seeking finance
• Overestimating the potential profits of the project
• Failing to provide accurate financial statements or documentation to lenders
• Choosing the wrong type of financing for the project
• Failing to have a contingency plan in case of unexpected delays or setbacks during the development process.

We know that time is of the essence when it comes to property development, and we pride ourselves on our ability to help our clients move forward with confidence.