BFS to launch Development Finance Day with NACFB
Bridging Finance Solutions is set to launch its first Development Finance Day in association with the NACFB on 29 January at Ashton-in-Makerfield Golf Club, Wigan.
The event aims to give people a keener insight into development finance. This includes how to manage their first deal and improve their wider knowledge of the process, whilst also giving access to specialists in the market for the more experienced developers.
Keith Litherland, business development manager at BFS, said: “We’ve been incredibly pleased by the level of interest this event has attracted. People are undoubtedly interested in learning more about development finance and how to use bridging when funding this type of property deal.”
Over 100 delegates have already signed up to the event with interest gathering increasing momentum.
The day will provide an educational experience, helping delegates understand the market and bridging process, presenting the viewpoint of the underwriter, valuer, quantity surveyor (QS) and solicitor.
This will provide added insight into the specialist requirements of the professional team involved with an opportunity to ask questions.
Litherland added: “At Bridging Finance Solutions, we are seeing an increase in demand for development finance and in particular those smaller developments with properties typically ranging in value from £100,000 to £750,000.
“Many traditional development lenders have no appetite for these deals which they consider too small.
“In contrast, BFS view this client group as a core target market and aim to help both new and experienced developers to look at a deal with fresh eyes considering how bridging can be incorporated to simplify and streamline the process.
“Working with the NACFB and their members creates an opportunity to earn CPD points as the event is classed as an educational experience. We want to encourage more brokers to increase their use of bridging and development finance, integrating this approach into their everyday lending solutions.”