We are pleased to announce that Chris Dowdeswell of CD Property Finance features prominently in the latest (May 2009) edition of the Housebuilder. This is the official journal of the National House Builders Council who provide the vast majority of new build home warranties.
In the article 'Cash Barriers', Suzie Mayes considers the type of lending now available to developers. She finds from speaking to people like Chris Dowdeswell that while there has been some improvements, getting finance is still a very tough task.
Chris provided comments for use throughout the article. Here's a quick snippet of these words of wisdom:
"If a developer owns their own site with little debt against it, there is a good chance of securing funding because the LTV will then be typically below 55% of gross development value (GDV) which is often acceptable by lenders" Chris Dowdeswell, principal, CD Property Finance.
"If we can see prices stabilise in the next three months, there may actually be some light at the end of the tunnel" Chris Dowdeswell, principal, CD Property Finance.
You can find the full article in this months Housebuilder magazine on pages 46- 49. We would love to hear your comments.
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