In this article we look at the longstanding practise of development lenders accepting Statutory Declarations as evidence that project creditors are being paid.
Key lessons from our experiences on maximising value and understanding stakeholder impact with distressed property assets, particularly when related to partially completed development sites.
There is a slowdown in housing construction leading to a weak forward work and many builders are struggling. Developers and lenders should assess builders capacity carefully.
In this article we discuss development loans. They are often the riskiest commercial property loans, but can produce attractive returns.