Development finance

Development finance guidance:

On every construction project which requires external funding, the lender will appoint its own team of lawyers to draft and/or negotiate the various documents. Part of...

Practice Note

To view or download in PDF format, click the link below: Design and build procurement contract structure

Practice Note

Procurement structure As shown in the Development procurement structure—chart the relationship between the third parties with an interest in a construction project will...

Practice Note

The facility agreement is the principal document in the suite of documents which is needed for the provision of finance for a development or construction project. It sets...

Practice Note

When providing finance for any development or construction project, the lender (or funder) and its advisers will use various methods to protect the lender’s position. The...

Practice Note

Management contracting procurement—diagram (PDF version)

Practice Note

Structure This Practice Note assumes that the funder is only providing funding to the JV (ie a loan of cash where the loan will be repaid with interest), but if the...

Practice Note

The development of property can be carried out by different procurement methods. For more information, see Practice Note: Real estate development finance—introductory...

Practice Note

Collateral warranties are some of the most important documents in real estate finance development facilities. They are provided by the key members of the development team...

Practice Note

The development documentation is a key part of any real estate finance transaction which involves the development of property. For more information, see Practice Note:...

Practice Note

Many of the usual conditions precedent (CPs) for a typical syndicated loan facility will also be applicable to a real estate finance transaction. For information on those...

Practice Note

Many of the usual covenants for a typical syndicated loan facility will also apply (in some form) to a real estate development finance transaction. For information about...

Practice Note

Many of the features of a typical real estate finance investment facility will be applicable to real estate finance development transactions. For information on the key...

Practice Note

This Practice Note examines the key parties in real estate finance involving the development of property. It does not deal with the lender or other finance parties (see...

Practice Note

Many of the usual representations and warranties for a typical syndicated loan facility will also be applicable to a real estate finance transaction. For information on...

Practice Note

Collateral warranties are a key part of the package of development documents in real estate development facilities. They are typically provided by the development team...

Practice Note

The development documents are key to any real estate finance transaction involving the development of property. They deal with the nature of the development, the...

Practice Note

When a bank or other finance provider decides to provide funding for a construction or development project, it will often appoint a project monitor (or monitoring...

Practice Note

What is a facility agreement? Many construction projects, particularly larger ones, require external funding from banks or other lenders to finance them during the...

Practice Note

In a construction project, the contractor’s contractual relationship under the building contract is only with the employer. However, in most construction projects, there...

Practice Note

To view or download in PDF format, click the link below: Traditional procurement diagram

Practice Note

Choosing a structure Unless promoted by a single entity (whether or not with mortgage funding) many developments take place through collaboration. Contractual and...

Practice Note