The Procedure: Development Services Agreement

Security

The funding is applied to the specific development, not to you, your company or CALA Finance...

• How It Works
• Lending Criteria
• Loan Range and Project Size
• Appraisals
• Development Services Agreement
• Security
• Project Monitoring
• Valuation
• Where We Will Fund

After we have satisfied ourselves that the project is viable we will present your development proposals to the CALA Board and the Bank. With their approval we can put up to 100% funding in place.

You can rest assured that our discussions and your business ideas are kept strictly confidential.

The Development Services Agreement is between the Bank, CALA and the developer. This agreement is the basis for bringing together funding, cash flow and development timing agreements, defining how we will work together throughout the project.

Every funding arrangement starts with a properly documented signed and sealed agreement, covering amongst other things, securities, costing and development services. There cannot of course be a standard approach to every development but by tailoring each agreement to the specific needs of each proposition, CALA Finance will help to ensure the project viability is maximised.

We asses the financial viability of the project and run appraisal programmes to determine the optimum level of profitability for your development. We identify the development strategy which we are convinced will succeed before we attempt to put the funding in place. Having placed so much emphasis on personal contact and advice before you have to make a commitment we will create a plan together to aid the smooth running of the development itself. This is why our Development Services Agreement is so successful.