The £300,000 Property Development Mistake

17 Просмотры

  • Спасибо! Поделитесь с друзьями!

    Вам не понравилось видео. Спасибо за то что поделились своим мнением!

admin
Издатель
In this episode of the OMZ Property Podcast, I sit down with property developer Vinay Sharma to break down a real development deal that turned into a £300,000 mistake.

Vinay started his property development journey with smaller projects before moving into mixed-use schemes, airspace developments and multi-million pound sites.

But during one project he made a decision that many developers are tempted to make… trying to increase the planning permission mid-build to add two extra flats.

What followed was a 12–18 month delay, refinancing the development loan, planning appeal costs and hundreds of thousands in additional finance costs.

In this episode we discuss:

• The real cost of changing planning permission during a development
• How a planning gamble ended up costing around £300,000
• Refinancing development finance when a project runs over time
• Moving from small projects to multi-million pound developments
• How to source development sites through commercial agents
• Why choosing the right contractor can make or break a project
• Airspace developments and building flats above existing buildings
• How developers scale from small deals to £10M+ projects

Vinay also shares the real numbers behind several development deals including:

• A mixed-use scheme with 2 shops and 6 flats
• A £3.5M airspace development in Bethnal Green
• A potential 31-unit development with a £14M GDV

If you are interested in property development, raising development finance, finding sites or scaling a property business, this episode is packed with valuable insights and lessons.

This episode is sponsored by Trinity Finance.

Trinity Finance is an FCA-regulated mortgage brokerage specialising in:

• Development finance
• HMO mortgages
• Commercial finance
• Bridging loans
• Buy-to-let mortgages

If you need help funding a property deal contact the team:

Категория
Рефинансирование кредита
Комментариев нет.

Следующее