Build March Issue

Build Magazine 59 Regulation favourable rate than perhaps another would, so it’s important that small developers do their research and give themselves enough time to consider all their options. Another important initial step for small developers is to seek advice on creating a loan structure that is right for them. This is particularly important because there are a number of loan structures that are deliberately opaque and come with financial ‘bells and whistles’ which can give developers a nasty surprise further down the line. Seeking support from an accountant, finance director or someone else who deeply understands the financials of the development in question will help developers ensure their interests are protected. It’s surprising how many developers still don’t do this. The time and effort it could save them is worth the investment.