The world seems to be facing a challenging economic situation, the real estate market seems to be slowing down, and maintenance costs seem to be increasing steadily. In these modern financial times, many lending establishments are beginning to exhibit signs of nervousness regarding the types of development projects they are willing to fund. They are also beginning to require a demonstration of reduced loan to cost, and a high level experience in the development company in order to achieve a positive outcome for any application for development finance. A professional development finance broker will be able to assist you with your application for development finance, and this will put you in a much more advantageous position when you approach the lending establishments, as you will have an experienced member on your team, fully aware of current lending market trends. Your broker will be able to develop an appraisal of your development project, which will be used to communicate with the lender and promote the merits and benefits of your particular deal. This appraisal will also indicate the amount of finance which would be acceptable in both business terms and investment terms, and will demonstrate the level of borrowing which your development company can comfortably sustain. When applying for development finance, your broker will also be able to assist in the preparation of all the supporting documentation which must accompany your application for development finance. The supporting documents can include such things as a set of audited company accounts, a statement of liabilities and assets, a resume of the company's experience, and a summation of any similar development projects undertaken and completed successfully in the past. It is important to consider the fact that you only get one chance to present an acceptable proposal to development finance lenders, by employing the services of a development finance broker you were making sure that this chance is not wasted. Traditionally, development finance will only cover around 70% of the actual cost of the development project. However, several innovative techniques have been developed by development finance brokers to obtain up to 100% funding. A combination of a well experienced and established development company and the right development finance broker will often produce an offer of levels of funding above the 70% watershed. For the right project, in the right place, at the right time 100% funding may be available, although it should be noted that this level of financing the lender will often want to become an investor, and will claim either equity or profit share in the completed project. In certain cases, where the development company is able to provide an increased level of security, 100% funding may be available without giving away any equity in the completed project. Your development finance broker will be able to assist you in deciding upon which route to securing your development finance is most suited for your current financial position.