182: Speaking Finance With Your Clients with Matt Vincent
Business of Architecture UK Podcast
00:00
Getting a Loan to Financing a Land Purchase
When you're looking at the finance for a project typically a lender would look to lend based on three different parameters. A loan to value it would be which is basically how much you're borrowing against either the value of the site or the purchase price. They have a loan to costs of how much they lending as if the same to you have a total of project costs and then they have a loan to gross development of value so howMuch they lending against what it's going to be worth when it's finished.
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