14 February 2003
In a rising market, many lenders would jump at the chance of tying down a speculative development loan deal. In exchange for pouring in the debt, they could be looking at a 40%-plus rate of return. But it's not so easy to find a willing lender in a downturn.
You must be logged in to continue
Register for free to finish this article
Due to the unprecedented challenge facing our industry at this time propertyweek.com will be entirely free to view to all users until 19 April. Register now to benefit from the following:
To access this article REGISTER NOW
Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.