# 10 Tips for Securing Property Development Finance
Property development finance can be complex, but private lenders offer flexible solutions. Here's how to maximize your chances of approval.
## 1. Have a Detailed Project Plan
Lenders want to see complete plans, approvals, timelines, and budgets. The more detailed, the better.
## 2. Demonstrate Experience
Previous development experience significantly strengthens your application. If you're new, consider partnering with an experienced developer.
## 3. Prepare Realistic Budgets
Include contingencies (typically 10-15%) and be conservative with timelines and costs.
## 4. Secure Key Approvals First
Development approvals, building permits, and council approvals before applying shows the project is viable.
## 5. Have Presales (If Possible)
While not always required by private lenders, presales demonstrate market demand and reduce lender risk.
## 6. Understand Your Numbers
Know your end value, costs, profit margins, and loan-to-value ratios cold. Lenders will test your knowledge.
## 7. Provide Quality Valuations
Get professional valuations from qualified valuers. "As is" and "upon completion" valuations are typically required.
## 8. Show Your Exit Strategy
How will you repay? Sale of completed units? Refinance? Be clear and realistic.
## 9. Contribute Equity
Most lenders require 20-30% equity contribution. This shows commitment and reduces their risk.
## 10. Work with Experienced Advisors
Use experienced lawyers, accountants, and brokers who understand development finance.
Ready to finance your development project? [Apply now](/connect).