Whether you believe “you have to spend money to make money” or “a fool and his money are easily parted”, no one wants to see an investment shattered before it even begins.
Sadly, for property developers planning hopeful projects, it is an all-too-common occurrence to see high upfront expenses like valuation costs, only to be made in vain, due to an evaluation that came in too low.
Fortunately, with the help of an experienced broker like UCapital, property developers can mitigate these brutal situations. Benefiting from valuable industry relationships, we can help ensure your project has the best possible chance of success prior to committing your hard-earned cash and resources.
For property development projects, securing finance depends on using the property as security, and the valuation of that asset. The funder first assesses the financial viability of the project by conducting a valuation prior to the loan approval. To make this happen, funders will obtain an independent valuation from an approved panel of valuers.
Unfortunately, this exercise can come at a considerable cost to property developers. As a result, getting a positive outcome is critical not only to avoid the costs of an unsuccessful valuation but the considerable time and effort invested into a project that is at risk of not proceeding.
Put simply, if the valuation doesn’t stack up, the deal is dead!
Thanks to strong relationships with some of the country’s biggest valuers, UCapital can quickly and effectively arrange a pre-assessment of a property at a fraction of the cost of a full valuation. This pre-assessment provides clients with a valuable assurance that a subsequent full valuation will have a high probability of success in confirming that a project will be financially viable. With this assurance, clients can be confident that the funding will not be lowered or hindered by the valuation.
The expedited process not only helps mitigate the risk of wasting money on an unviable project but also avoids unnecessary delays due to its quick turnaround to complete.
Additionally, to provide further confidence in a successful outcome, we ensure the same valuers that complete a pre-assessment and full valuation are on the panel of the funder providing the finance.