{"id":29499,"date":"2022-11-07T20:18:46","date_gmt":"2022-11-07T20:18:46","guid":{"rendered":"https:\/\/swoopfunding.com\/ca\/development-finance-calculator\/"},"modified":"2026-03-11T07:30:32","modified_gmt":"2026-03-11T07:30:32","slug":"development-finance-calculator","status":"publish","type":"page","link":"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/development-finance-calculator\/","title":{"rendered":"Development finance calculator"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"29499\" class=\"elementor elementor-29499\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d7ef2d5 e-flex e-con-boxed e-con e-parent\" data-id=\"d7ef2d5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bfcbb27 elementor-widget elementor-widget-template\" data-id=\"bfcbb27\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"container\" data-elementor-id=\"40824\" class=\"elementor elementor-40824\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7cb78f9a e-flex e-con-boxed e-con e-parent\" data-id=\"7cb78f9a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-2ddc5409 e-con-full e-flex e-con e-child\" data-id=\"2ddc5409\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-494fc3a1 elementor-widget elementor-widget-heading\" data-id=\"494fc3a1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Development finance calculator<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5dc26726 elementor-widget elementor-widget-text-editor\" data-id=\"5dc26726\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tConsidering development finance? Use this simple calculator to understand how much you could borrow and how much it will cost.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-53a33df elementor-widget__width-inherit elementor-hidden-mobile elementor-widget elementor-widget-html\" data-id=\"53a33df\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n<script type=\"text\/javascript\" src=\"\/\/widget.trustpilot.com\/bootstrap\/v5\/tp.widget.bootstrap.min.js\" async><\/script>\n\n\n\n\n<div class=\"trustpilot-widget\" data-locale=\"en-US\" data-template-id=\"53aa8807dec7e10d38f59f32\" data-businessunit-id=\"5b437d760db9da00019935a0\" data-style-height=\"95px\" data-style-width=\"160px\" data-theme=\"light\" data-token=\"75678bf0-071e-4356-8a6b-93beb5a68f32\">\n <a href=\"https:\/\/www.trustpilot.com\/review\/swoopfunding.com\" target=\"_blank\" rel=\"noopener\">Trustpilot<\/a>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-24aed85c elementor-widget elementor-widget-ucaddon_last_updated\" data-id=\"24aed85c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_last_updated.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t\n<div id=\"last-updated-container\" class=\"\">\n\n <script id=\"last-updated-schema\" type=\"application\/ld+json\">\n        {\n          \"@context\": \"https:\/\/schema.org\",\n          \"@type\": \"Article\",\n          \"headline\": \"Development finance calculator\",\n          \"image\": [\"https:\/\/swoopfunding.com\/ca\/wp-content\/uploads\/sites\/2\/2019\/07\/calculator-desk-finance-1253591-980x460-2.jpg\"],\n          \"datePublished\": \"2022-11-07T20:18:46+00:00\",\n          \"dateModified\": \"2026-03-11T07:30:32+00:00\",\n          \"author\": [{\n              \"@type\": \"Person\",\n              \"name\": \"Ian Hawkins\",\n              \"url\": \"https:\/\/swoopfunding.com\/ca\/author\/ian-hawkins\/\"\n            }]\n        }\n    <\/script>\n \n <div class=\"last-updated view-user\" style=\"justify-content: left;\">\n \n <div class=\"info-left\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/author\/ian-hawkins\/\" aria-label=\"Ian Hawkins\">\n <picture loading=\"lazy\" decoding=\"async\" class=\"attachment-large size-large\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2024\/10\/ian.webp\" data-lazy-src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2024\/10\/ian.webp?is-pending-load=1\" alt=\"Ian Hawkins\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\">\n <\/picture>\n <\/a>\n <\/div>\n \n <div class=\"info-right\">\n <p>Page written by <a href=\"https:\/\/swoopfunding.com\/ca\/author\/ian-hawkins\/\">Ian Hawkins<\/a>. <span>Last reviewed on March 11, 2026<\/span>. <span>Next review due April 1, 2027.\n <\/span>\n <\/p>\n\n <\/div>\n\n <\/div>\n<\/div>\n\n<div id=\"externalTooltipContent\" style=\"display: none;\">\n <div class=\"top-info\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2024\/10\/ian.webp\" data-lazy-src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2024\/10\/ian.webp?is-pending-load=1\" alt=\"\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\">\n <div class=\"text\">\n <div class=\"name-author\">Ian Hawkins<\/div>\n <div class=\"role-user\">Head of Content<\/div>\n <\/div>\n <\/div>\n <div class=\"description\">Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism.<\/div>\n<\/div>\n\n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ed25914 elementor-widget elementor-widget-ucaddon_breadcrumbs\" data-id=\"ed25914\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_breadcrumbs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t <div id=\"breadcrumbs-container\" class=\"left\">\n <nav aria-label=\"breadcrumbs\" class=\"rank-math-breadcrumb\"><p><\/p><\/nav> <\/div>\n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3be5c62d e-con-full elementor-hidden-mobile e-flex e-con e-child\" data-id=\"3be5c62d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div 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https:\/\/swoopfunding.com\/ca\/wp-content\/uploads\/sites\/2\/2026\/03\/image-calculator-80x53.jpg 80w, https:\/\/swoopfunding.com\/ca\/wp-content\/uploads\/sites\/2\/2026\/03\/image-calculator.jpg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-fa50a61 e-flex e-con-boxed e-con e-parent\" data-id=\"fa50a61\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4abf138 elementor-widget elementor-widget-ucaddon_aivoov_player\" data-id=\"4abf138\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_aivoov_player.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t<div class=\"aivoov-player-block\">\n\t<div class=\"read_this\">Read this article to me<\/div>\n\t\t\t<style>\n\t\t\t.plyr__controls .plyr__controls__item:first-child{\n\t\t\t\tbackground:#2e9c8e !important;\n\t\t\t}\n\t\t\t:root{\n\t\t\t--plyr-color-main:#2e9c8e;\n\t\t\t--plyr-audio-controls-background:#f0f2f4;\n\t\t\t--plyr-audio-control-color:#546a7b;\n\t\t\t}\n\t\t\t[data-plyr=\"mute\"]{color:#2e9c8e !important}\n\t\t\t.aivoov-text-color{color:#546a7b}\n\t\t<\/style> \n\t\t<div class=\"audio_player\">\n\t\t<audio class=\"js-player\" controls=\"\">\n\t\t\t<source src=\"https:\/\/monky-voice-over.s3.amazonaws.com\/aivoov\/781640cc-7bc1-4bbf-9492-22dedc19678b\/d5579258-8694-4834-bd6c-18d58c653ec2.mp3\" type=\"audio\/mp3\">\n\t\t\t<source src=\"https:\/\/monky-voice-over.s3.amazonaws.com\/aivoov\/781640cc-7bc1-4bbf-9492-22dedc19678b\/d5579258-8694-4834-bd6c-18d58c653ec2.mp3\" type=\"audio\/ogg\" \/>\n\t\t<\/audio> \n\t\t\t\t <div class=\"powerd_by aivoov-text-color\"><p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/aivoov.com\/?um_source=plugin_powered_by\" style=\"color: inherit;\">Powered by AiVOOV<\/a><\/p><\/div>\n\t\t \n\t\t<\/div>\n\t\t<\/div>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a2df328 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a2df328\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0de743c\" data-id=\"0de743c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-7f89b0d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7f89b0d\" data-element_type=\"section\" data-e-type=\"section\" id=\"calculator\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-63e224a\" data-id=\"63e224a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-014cad3 elementor-widget elementor-widget-ucaddon_development_finance_calculator\" data-id=\"014cad3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_development_finance_calculator.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t\n \n \n <div class=\"development-finance-calculator form-calculator\" >\n <div class=\"left_column\">\n <div class=\"inner-left\">\n <p class=\"title\">Property security<\/p>\n\n <div class=\"form-group\">\n <label for=\"initial_land_value\">Initial land value<\/label>\n <div class=\"input-group mb-3\">\n <div class=\"input-group-prepend\">\n <span class=\"input-group-text\">$<\/span>\n <\/div>\n <input id=\"initial_land_value\" type=\"text\" class=\"form-control mask-money\" aria-label=\"Initial land value\" value=\"2500000\" inputmode=\"numeric\">\n <\/div>\n <\/div>\n\n <div class=\"form-group\">\n <label for=\"initial_land_value\">Total construction costs<\/label>\n <div class=\"input-group mb-3\">\n <div class=\"input-group-prepend\">\n <span class=\"input-group-text\">$<\/span>\n <\/div>\n <input id=\"total_construction_costs\" type=\"text\" class=\"form-control mask-money\" aria-label=\"Total construction costs\" value=\"350000\" inputmode=\"numeric\">\n <\/div>\n <\/div>\n\n <div class=\"form-group\">\n <label for=\"gross_development_value\">Gross development value<\/label>\n <div class=\"input-group mb-3\">\n <div class=\"input-group-prepend\">\n <span class=\"input-group-text\">$<\/span>\n <\/div>\n <input id=\"gross_development_value\" type=\"text\" class=\"form-control mask-money\" aria-label=\"Gross development value\" value=\"5500000\" inputmode=\"numeric\">\n <\/div>\n <\/div>\n\n <div class=\"form-group\">\n <label for=\"number_of_units\">Number of units<\/label>\n <div class=\"input-group mb-3\">\n <input id=\"number_of_units\" type=\"number\" class=\"form-control\" aria-label=\"Number of units\" value=\"10\">\n <\/div>\n <\/div>\n\n <div class=\"form-group\">\n <label for=\"size_of_development_square_feet\">Size of development (in square feet)<\/label>\n <div class=\"input-group mb-3\">\n <input id=\"size_of_development_square_feet\" type=\"number\" class=\"form-control\" aria-label=\"Size of development (in square feet)\" value=\"100000\">\n <\/div>\n <\/div>\n\n <div class=\"form-group\">\n <label for=\"max_loan_term\">Max loan term (months)<\/label>\n <div class=\"input-group mb-3\">\n <input id=\"max_loan_term\" type=\"number\" class=\"form-control\" aria-label=\"Max loan term (months)\" value=\"12\">\n <\/div>\n <\/div>\n\n <p class=\"title mt-5\">Initial loan (day 1)<\/p>\n\n <div class=\"form-group\">\n <label for=\"loan_required_amount\">Initial loan percentage of land value<\/label>\n <div class=\"input-group mb-3\">\n <input id=\"loan_required_amount\" type=\"number\" class=\"form-control\" aria-label=\"Initial loan percentage of land value\" value=\"65\">\n <div class=\"input-group-append\">\n <span class=\"input-group-text\">%<\/span>\n <\/div>\n <\/div>\n <\/div>\n\n <p class=\"title mt-5\">Construction loan<\/p>\n\n <div class=\"form-group\">\n <label for=\"construction_cost_percentage\">Percentage of construction costs<\/label>\n <div class=\"input-group mb-3\">\n <input id=\"construction_cost_percentage\" type=\"number\" class=\"form-control\" aria-label=\"Percentage of construction costs\" value=\"100\">\n <div class=\"input-group-append\">\n <span class=\"input-group-text\">%<\/span>\n <\/div>\n <\/div>\n <\/div>\n\n <p class=\"title mt-5\">Interest<\/p>\n\n <div class=\"form-group\">\n <label for=\"annual_interest_rate\">Interest rate per annum<\/label>\n <div class=\"input-group mb-3\">\n <input id=\"annual_interest_rate\" type=\"number\" class=\"form-control\" aria-label=\"Interest rate per annum\" value=\"7.98\">\n <div class=\"input-group-append\">\n <span class=\"input-group-text\">%<\/span>\n <\/div>\n <\/div>\n <\/div>\n\n <p class=\"note-calculator\">This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan.<\/p>\n\n <\/div>\n\n <\/div>\n <div class=\"right_column\">\n <p class=\"title\">Facility overview<\/p>\n\n <div class=\"show-number\">\n <p class=\"title-result\">Loan term<\/p>\n <p class=\"number-result\"><span id=\"loan_term_output\">-<\/span><\/p>\n <\/div>\n\n <div class=\"show-number\">\n <p class=\"title-result\">Total facility amount<\/p>\n <p class=\"number-result\"><span id=\"total_facility_amount_output\">-<\/span><\/p>\n <\/div>\n\n <div class=\"show-number\">\n <p class=\"title-result\">Annual interest rate<\/p>\n <p class=\"number-result\"><span id=\"annual_interest_rate_output\">-<\/span><\/p>\n <\/div>\n\n <div class=\"show-number\">\n <p class=\"title-result\">Initial loan (day 1) interest allowance<\/p>\n <p class=\"number-result\"><span id=\"initial_loan_interest_allowance_output\">-<\/span><\/p>\n <\/div>\n\n <div class=\"show-number\">\n <p class=\"title-result\">Construction costs loan interest allowance<\/p>\n <p class=\"number-result\"><span id=\"construction_cost_loan_interest_allowance_output\">-<\/span><\/p>\n <\/div>\n\n <div class=\"show-number\">\n <p class=\"title-result\">Available balance<\/p>\n <p class=\"number-result\"><span id=\"available_balance_output\">-<\/span><\/p>\n <\/div>\n\n <p class=\"title mt-5\">Breakdown of loan facility<\/p>\n\n <div class=\"show-number\">\n <p class=\"title-result\">Gross initial loan (day 1)<\/p>\n <p class=\"number-result\"><span id=\"gross_initial_loan_output\">-<\/span><\/p>\n <\/div>\n\n <div class=\"show-number\">\n <p class=\"title-result\">Gross LTV<\/p>\n <p class=\"number-result\"><span id=\"gross_ltv_output\">-<\/span><\/p>\n <\/div>\n\n <div class=\"show-number\">\n <p class=\"title-result\">Arrangement fee (2%)<\/p>\n <p class=\"number-result\"><span id=\"arrangement_fee_output\">-<\/span><\/p>\n <\/div>\n\n <div class=\"show-number\">\n <p class=\"title-result\">Net initial loan (day 1)<\/p>\n <p class=\"number-result\"><span id=\"net_initial_loan_output\">-<\/span><\/p>\n <\/div>\n\n <p class=\"title mt-5\">Construction<\/p>\n\n <div class=\"show-number\">\n <p class=\"title-result\">Loan facility (100% costs)<\/p>\n <p class=\"number-result\"><span id=\"loan_facility_output\">-<\/span><\/p>\n <\/div>\n\n <p class=\"title mt-5\">Project overview<\/p>\n\n <div class=\"show-number\">\n <p class=\"title-result\">Current property value<\/p>\n <p class=\"number-result\"><span id=\"current_property_value_output\">-<\/span><\/p>\n <\/div>\n\n <div class=\"show-number\">\n <p class=\"title-result\">Total development costs<\/p>\n <p class=\"number-result\"><span id=\"total_development_costs_output\">-<\/span><\/p>\n <\/div>\n\n <div class=\"show-number\">\n <p class=\"title-result\">Gross development value<\/p>\n <p class=\"number-result\"><span id=\"gross_development_value_output\">-<\/span><\/p>\n <\/div>\n\n <div class=\"show-number\">\n <p class=\"title-result\">LTGDV<\/p>\n <p class=\"number-result\"><span id=\"ltgdv_output\">-<\/span><\/p>\n <\/div>\n\n <div class=\"show-number\">\n <p class=\"title-result\">LTC<\/p>\n <p class=\"number-result\"><span id=\"ltc_output\">-<\/span><\/p>\n <\/div>\n\n <div class=\"show-number\">\n <p class=\"title-result\">Exit fee (2%)<\/p>\n <p class=\"number-result\"><span id=\"exit_fee_output\">-<\/span><\/p>\n <\/div>\n\n <div class=\"show-number\">\n <p class=\"title-result\">Developer's equity contribution<\/p>\n <p class=\"number-result\"><span id=\"developers_equity_contribution_output\">-<\/span><\/p>\n <\/div>\n\n <div class=\"show-number\">\n <p class=\"title-result\">Profit<\/p>\n <p class=\"number-result\"><span id=\"profit_output\">-<\/span><\/p>\n <\/div>\n\n <div class=\"show-number\">\n <p class=\"title-result\">Profit on cost<\/p>\n <p class=\"number-result\"><span id=\"profit_on_cost_output\">-<\/span><\/p>\n <\/div>\n\n <div class=\"show-number\">\n <p class=\"title-result\">GDV per unit<\/p>\n <p class=\"number-result\"><span id=\"gdv_per_unit_output\">-<\/span><\/p>\n <\/div>\n\n <div class=\"show-number\">\n <p class=\"title-result\">GDV per square foot<\/p>\n <p class=\"number-result\"><span id=\"gdv_per_square_foot_output\">-<\/span><\/p>\n <\/div>\n\n <div class=\"show-number mb-5\">\n <p class=\"title-result\">Construction cost per square foot<\/p>\n <p class=\"number-result\"><span id=\"construction_cost_per_square_foot_output\">-<\/span><\/p>\n <\/div>\n\n <a href=\"https:\/\/app.swoopfunding.ca\/stage\/\" class=\"btn btn-lg btn-dark btn-block\" target=\"_blank\" rel=\"noopener\">Borrow <span id=\"resultCTA\"><\/span><\/a>\n\n <\/div>\n <\/div>\n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-5db3d8e e-flex e-con-boxed e-con e-parent\" data-id=\"5db3d8e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7ca0e0d elementor-widget elementor-widget-heading\" data-id=\"7ca0e0d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is development finance?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bc73311 elementor-widget elementor-widget-text-editor\" data-id=\"bc73311\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Development finance refers to loans specifically designed to cover the costs associated with residential or commercial development projects. Unlike <a href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/commercial-mortgages\/\">long-term commercial property mortgages<\/a>, development financing is typically short-term, ranging from 6 to 24 months. These loans can be used to purchase land and cover construction costs, and are suitable for new builds, conversions, or refurbishments of existing properties.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3d24408 e-flex e-con-boxed e-con e-parent\" data-id=\"3d24408\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-48be9c2 elementor-widget elementor-widget-heading\" data-id=\"48be9c2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How does development finance work?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-39527c9 elementor-widget elementor-widget-text-editor\" data-id=\"39527c9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Property development finance helps fund residential or commercial development. Unlike traditional home or commercial mortgages used to buy existing properties, development finance is intended for constructing new properties or renovating existing ones. Since the development property might not yet exist (new-build) or will undergo significant changes (refurbs and conversions), these loans are based on both the cost of the development and the projected future value of the property once completed. Key factors like the loan-to-cost (LTC) ratio, the loan-to-gross development value (LTGDV) ratio, the borrower&#8217;s track record, and repayment ability are considered during the loan assessment.<\/p><p>With development loans, <a href=\"https:\/\/swoopfunding.com\/ca\/business-glossary\/interest-rate\/\">interest<\/a> is usually rolled up or capitalised, meaning it\u2019s added to the loan balance instead of being paid monthly. This approach avoids cash flow strain during construction, with the total interest paid when the properties are sold or refinanced.<\/p><h3>Example<\/h3><p>Development loans are paid out in stages. Here\u2019s an example for a new-build:<\/p><p>A plot of land costs CAD 600,000 with CAD 2,000,000 for building ten houses. The total cost is CAD 2,600,000 (excluding fees and interest). The estimated value of each house is CAD 350,000, making the Gross Development Value (GDV) CAD 3,500,000.<\/p><p>Development finance might cover up to 70% of the land cost (CAD 420,000) and 90% of the construction cost (CAD 1,800,000), totalling a loan facility of CAD 2,220,000. Funds are released in stages, starting with CAD 420,000 for land purchase. The developer contributes CAD 180,000 to complete the purchase. The remaining CAD 1,800,000 is released as construction progresses, and the loan, plus interest, is repaid upon selling the houses.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8afc90d e-flex e-con-boxed e-con e-parent\" data-id=\"8afc90d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b7aa741 elementor-widget elementor-widget-heading\" data-id=\"b7aa741\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Types of development finance<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1ab6984 elementor-widget elementor-widget-text-editor\" data-id=\"1ab6984\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Development finance options are tailored to each project, with no one-size-fits-all solution. Here are common uses:<\/p><ul><li><strong>Residential property development<\/strong><\/li><li><strong>Commercial\/semi-commercial property development<\/strong><\/li><li><strong>Renovations, conversions, refurbishments<\/strong><\/li><li><strong>New builds<\/strong><\/li><li><strong>Single-unit to large multi-unit developments<\/strong><\/li><li><strong>Development exit funding:<\/strong> Similar to a bridging loan, this finances a recently completed development until the units are sold or refinanced on a longer-term loan.<\/li><li><strong>Regulated development finance:<\/strong> This applies when over 40% of the development will be used as a residential dwelling by the borrower, providing consumer protections under Canadian regulations.<\/li><li><strong>Mezzanine development finance:<\/strong> A secondary line of borrowing to reduce the need for a large cash deposit, sometimes called a \u2018junior loan\u2019 or \u2018junior mortgage\u2019.<\/li><\/ul><p>Some projects might require a mix of different loan products. Contact us now to discover the best financing for your project, and our experienced team will guide you through the process.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b644e9d e-flex e-con-boxed e-con e-parent\" data-id=\"b644e9d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bdb0549 elementor-widget elementor-widget-heading\" data-id=\"bdb0549\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are the interest rates like?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d4d1a7b elementor-widget elementor-widget-text-editor\" data-id=\"d4d1a7b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Interest rates range from 7% to 15% <a href=\"https:\/\/swoopfunding.com\/ca\/business-glossary\/annual-percentage-rate-apr\/\">APR<\/a>. Given that development loans are short-term, the total deal costs and loan terms may be more significant than the interest rate alone. Our team will help you navigate the various options to find the most competitive deal.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0fcf67c e-flex e-con-boxed e-con e-parent\" data-id=\"0fcf67c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cd726ed elementor-widget elementor-widget-heading\" data-id=\"cd726ed\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Frequently asked questions<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0426c52 e-flex e-con-boxed e-con e-parent\" data-id=\"0426c52\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ae9b81e align-at-right uael-faq-box-layout-yes elementor-widget elementor-widget-uael-faq\" data-id=\"ae9b81e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"uael-faq.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\t\t\t<div id='uael-faq-wrapper-183' class=\"uael-faq-wrapper\">\n\t\t\t\t<div class=\"uael-faq-container uael-faq-layout-accordion\" data-layout=\"accordion\" >\n\t\t\t\t\t\t\t\t\t\t\t\t<div id=\"uael-accordion-18d6be0\" class=\"uael-faq-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t\t<div class= \"uael-accordion-title\" aria-expanded=\"false\" role=\"tab\">\n\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon uael-accordion-icon-right\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-closed\"><i class=\"fas fa-angle-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-opened\"><i class=\"fas fa-angle-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"uael-question-18d6be0 uael-question-span\" tabindex=\"0\" id=\"uael-faq-1-69d5e5aece580\">Does planning permission need to be in place?<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-accordion-content\" role=\"tabpanel\">\n\t\t\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t\t<span><p>Yes. Most lenders require full planning permission before issuing a formal loan offer and starting legal due diligence. Some niche lenders might proceed with outline permission but will only release funds upon full planning consent.<\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div id=\"uael-accordion-4932204\" class=\"uael-faq-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t\t<div class= \"uael-accordion-title\" aria-expanded=\"false\" role=\"tab\">\n\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon uael-accordion-icon-right\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-closed\"><i class=\"fas fa-angle-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-opened\"><i class=\"fas fa-angle-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"uael-question-4932204 uael-question-span\" tabindex=\"0\" id=\"uael-faq-2-69d5e5aece5df\">Can I get funding as a first-time developer?<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-accordion-content\" role=\"tabpanel\">\n\t\t\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t\t<span><p>Yes. While it may be more challenging, niche funders or mainstream lenders might offer financing if you partner with an experienced developer. <a href=\"https:\/\/app.swoopfunding.ca\/stage?http_referer=https%3A%2F%2Fwww.google.com%2F&amp;last_page_visited=https%3A%2F%2Fswoopfunding.com%2Fus%2Fbusiness-loans%2Femployee-retention-credits%2F&amp;cmplz_functional=allow&amp;cmplz_marketing=deny&amp;cmplz_preferences=deny&amp;cmplz_statistics=deny\">Reach out<\/a> and we can help.<\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div id=\"uael-accordion-8d99b17\" class=\"uael-faq-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t\t<div class= \"uael-accordion-title\" aria-expanded=\"false\" role=\"tab\">\n\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon uael-accordion-icon-right\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-closed\"><i class=\"fas fa-angle-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-opened\"><i class=\"fas fa-angle-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"uael-question-8d99b17 uael-question-span\" tabindex=\"0\" id=\"uael-faq-3-69d5e5aece616\">Can I get funding with bad credit?<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-accordion-content\" role=\"tabpanel\">\n\t\t\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t\t<span><p>Probably. There are options for borrowers with bad credit or no credit history. Even if you\u2019ve been turned down elsewhere, we might still secure the funding you need. Contact us for a confidential discussion about your project.<\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div id=\"uael-accordion-a0741ac\" class=\"uael-faq-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t\t<div class= \"uael-accordion-title\" aria-expanded=\"false\" role=\"tab\">\n\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon uael-accordion-icon-right\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-closed\"><i class=\"fas fa-angle-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-opened\"><i class=\"fas fa-angle-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"uael-question-a0741ac uael-question-span\" tabindex=\"0\" id=\"uael-faq-4-69d5e5aece648\">What is bridging finance for property development?<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-accordion-content\" role=\"tabpanel\">\n\t\t\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t\t<span><p><a href=\"https:\/\/swoopfunding.com\/ca\/commercial-mortgages\/bridging-finance\/\">Bridging finance<\/a> is a short-term loan used in real estate development to cover the gap between property-related transactions.<\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-60f6650 e-flex e-con-boxed e-con e-parent\" data-id=\"60f6650\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7bcb139 elementor-widget elementor-widget-ucaddon_auto_page_related\" data-id=\"7bcb139\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_auto_page_related.default\">\n\t\t\t\t<div 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Use this simple calculator to understand how much you could borrow and how much it will cost.<\/p>\n","protected":false},"author":43,"featured_media":3950,"parent":17791,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-29499","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"featured_image_urls_v2":{"full":["https:\/\/swoopfunding.com\/ca\/wp-content\/uploads\/sites\/2\/2019\/07\/calculator-desk-finance-1253591-980x460-2.jpg",980,460,false],"thumbnail":["https:\/\/swoopfunding.com\/ca\/wp-content\/uploads\/sites\/2\/2019\/07\/calculator-desk-finance-1253591-980x460-2-150x150.jpg",150,150,true],"medium":["https:\/\/swoopfunding.com\/ca\/wp-content\/uploads\/sites\/2\/2019\/07\/calculator-desk-finance-1253591-980x460-2-300x141.jpg",300,141,true],"medium_large":["https:\/\/swoopfunding.com\/ca\/wp-content\/uploads\/sites\/2\/2019\/07\/calculator-desk-finance-1253591-980x460-2-768x360.jpg",768,360,true],"large":["https:\/\/swoopfunding.com\/ca\/wp-content\/uploads\/sites\/2\/2019\/07\/calculator-desk-finance-1253591-980x460-2.jpg",980,460,false],"1536x1536":["https:\/\/swoopfunding.com\/ca\/wp-content\/uploads\/sites\/2\/2019\/07\/calculator-desk-finance-1253591-980x460-2.jpg",980,460,false],"2048x2048":["https:\/\/swoopfunding.com\/ca\/wp-content\/uploads\/sites\/2\/2019\/07\/calculator-desk-finance-1253591-980x460-2.jpg",980,460,false],"image_blog":["https:\/\/swoopfunding.com\/ca\/wp-content\/uploads\/sites\/2\/2019\/07\/calculator-desk-finance-1253591-980x460-2-408x252.jpg",408,252,true],"image_blog_full":["https:\/\/swoopfunding.com\/ca\/wp-content\/uploads\/sites\/2\/2019\/07\/calculator-desk-finance-1253591-980x460-2.jpg",980,460,false],"image_podcast":["https:\/\/swoopfunding.com\/ca\/wp-content\/uploads\/sites\/2\/2019\/07\/calculator-desk-finance-1253591-980x460-2-397x298.jpg",397,298,true],"image_banking":["https:\/\/swoopfunding.com\/ca\/wp-content\/uploads\/sites\/2\/2019\/07\/calculator-desk-finance-1253591-980x460-2-43x20.jpg",43,20,true],"image_blog_internal":["https:\/\/swoopfunding.com\/ca\/wp-content\/uploads\/sites\/2\/2019\/07\/calculator-desk-finance-1253591-980x460-2-840x460.jpg",840,460,true],"image_blog_medium":["https:\/\/swoopfunding.com\/ca\/wp-content\/uploads\/sites\/2\/2019\/07\/calculator-desk-finance-1253591-980x460-2.jpg",980,460,false],"image_single_banking":["https:\/\/swoopfunding.com\/ca\/wp-content\/uploads\/sites\/2\/2019\/07\/calculator-desk-finance-1253591-980x460-2-80x38.jpg",80,38,true]},"post_excerpt_stackable_v2":"<p>Considering development finance? Use this simple calculator to understand how much you could borrow and how much it will cost.<\/p>\n","category_list_v2":"","author_info_v2":{"name":"Ian Hawkins","url":"https:\/\/swoopfunding.com\/ca\/author\/ian-hawkins\/"},"comments_num_v2":"0 comments","_links":{"self":[{"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/pages\/29499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/comments?post=29499"}],"version-history":[{"count":33,"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/pages\/29499\/revisions"}],"predecessor-version":[{"id":40922,"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/pages\/29499\/revisions\/40922"}],"up":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/pages\/17791"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/media\/3950"}],"wp:attachment":[{"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/media?parent=29499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}