INDEPENDENT FINANCE LENDERS VS BANKS

5 years ago By Dr Taylor Macintosh 0 Comments

As trusted private development finance provider, ACL is a trusted company with more than 10 years experience.

ACL offers development loans of $100,000 to $2 Billion to be lent over a maximum period of up to 10 years .

We also supply fast and flexible bridging finance of up to $5 million over a period of up to 6 months.

Call our lending team to find out more about our property funding options.

What is a development loan?

Property development loans are funding for either new building projects or extensive renovations.

The development loan is an advance of funds, secured by the land, to finance the purchase of land and/or existing properties plus the demolition and construction of the new houses and flats.

Why choose development finance from private lender vs a bank?

ACL is a private lender: we are 100% privately funded, meaning all of the loans we provide come from our own money.

This enables us to make all of our decisions quickly and consider a much wider range of applications than a mainstream bank can.

We accept applications from developers who have been refused funding from banks and other lenders.

Find out more about our lending criteria here.

Find out why you should apply to ACL with our top 10 reasons to choose us over a mainstream lender.

10 reasons to choose ACL:

Fast decision-making process – deal directly with the decision-makers
High acceptance rates
Rapid turnaround from application date to receiving funds
No intermediaries, brokers or middle-men to deal with
No extra fees or commission to pay
We consider all applications including complex cases
We lend to developers who have been refused by a bank or mainstream lender
We have personal experience and knowledge from developing our own properties
We offer continued support throughout your development
Our financial products are tailored to you

Downsides of choosing a bank or mainstream lender for your loan

Very strict lending criteria
Low acceptance rates
No ongoing support: no property expertise
Decision making can take months and even longer to actually receive the funds
A small range of property loan options for developers

We make fast decisions for immediate finance

ACL offers some of the best rates available for development finance in the USA and to our customers beyond.

We provide property developers with flexible loans of $100,000 to $2 Billion or up to 90% of the Gross Development Value of the Finished Development.

Our loan terms are from 2 Months to 10 Years.

As private lenders in the property industry since 2010, we use our expertise and local knowledge to fund successful and profitable new build projects in USA, Australia ,Canada and surrounding areas.

Discover more:

https://aclloan.com/post/secured-vs-unsecured-loans

https://aclloan.com/post/how-lenders-use-credit-scores

https://aclloan.com/post/signature-loans

https://aclloan.com/post/lockdown-2-what-does-this-mean-for-sme

https://aclloan.com/post/interest-rate-on-f-c-loans-is-about-to-hit-a-record-low

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