Calculating bridging finance costs and Gross Development Value (GDV) is an important part of assessing whether a UK property development project is financially viable. Understanding your expected GDV, borrowing costs, interest and overall project costs can help you plan your funding requirements and potential returns more accurately.
The infographic below explains how to calculate GDV, estimate bridging finance costs and understand how these figures can affect your development funding.
Accurate GDV and bridging finance cost calculations can give you a clearer view of your project’s funding requirements and potential profitability. From purchase and construction costs to interest and exit costs, each element should be considered before proceeding with a development.
If you are planning a property development and need help assessing your bridging finance options, speak with Rapid Bridging. You can also use our Bridging Loan Calculator to estimate your potential borrowing costs and view our Bridging Loan Rates for more information.
Get in touch with Rapid Bridging today to discuss your funding requirements.
