When we consider which projects to back , we look for potential . Questions that we consider in the loan approval process include what skills the developer brings to the table , who is helping them on the project , and whether they have an architect and builder onboard , as well as a structural engineer if they want to build a double story property . If they don ’ t have these in place , it doesn ’ t automatically disqualify them from receiving a loan , but we do then assist them to do a due diligence assessment so that their project is viable .
Additionally , it ’ s important to understand that where the property is located can pose significant challenges of town planning . Because of the historical origins of townships , the necessary infrastructure for clean water and sewerage , along with other essential municipal services , are frequently insufficient . This can slow down zoning and the approval of business plans , impeding developments – and it is therefore vital to work with the project team who can advise and support in navigating these complexities .
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