DevBrok Limited

🌟 Are you an aspiring developer looking to dive into your first project? Take inspiration from Victoria, who welcomed us to her site today. She started by saving for seven years to buy her first home, and now, with determination, she’s scaled up to eight properties! 🏡 This site is for new build cottages, but her ambitions keep growing. Start with a project within your budget, gain experience, and watch your opportunities expand. I'm Dave from DevBrok. Let’s chat if you’re ready to start your journey in property development. 💬 #PropertyDevelopment #AspiringDeveloper #UKProperty #NewBuild #ScalingUp #InvestInProperty

🔑 Ready to dive into property refurbishment? Here's what you need to know about financing: When purchasing a property that requires refurb work, expect to secure around 65-67% of the purchase price through debt. The rest? That’s where your own funds or an external investor come in. Once the site is acquired, your lender will cover 100% of the build costs. When the refurbishment is complete, you have options: Sell the property on the open market or refinance it. Remember, if an investor was involved, they’ll want their capital back plus an agreed return. Got questions about funding your next project? I'm Dave from DevBROK—let’s chat! #PropertyInvestment #PropertyRefurbishment #UKProperty #PropertyFunding #PropertyInvestor #FinanceTips #RefurbishmentProject

What can go wrong on a development site? Windows haven’t turned up? That’s just the tip of the iceberg when it comes to what can go wrong during a project. The key to success is mitigating risk from the start. Involving a trusted professional team—engineers, architects, and structural experts—ensures that potential pitfalls are identified early on. At DevBrok, we factor in contingencies both in cost and time to safeguard against unexpected delays or overruns. Remember, it’s always better to plan cautiously than to rush in without a safety net. If you’re navigating a project and need advice, I’m Dave from DevBrok—let’s chat! #DevelopmentSite #PropertyDevelopment #ConstructionManagement #BuildingSuccess #PropertyInvestment

Always nice to get positive feedback.. Received this email on tuesday...so maybe a book is on the cards 🤷♂️ "I wanted to get in touch regarding your LinkedIn post this morning—it was absolutely spot-on for those getting started in development. More to the point, it was one of the simplest explanations about funding that I’ve come across in my 10 year road into renovation projects and then into development. Which made me think…have you thought about expanding these ideas in a book for aspiring developers? If so, I'd be interested in exploring a potential collaboration, as there are a few interesting angles that I believe the development world needs as we go into 2025." PS Lets pray that todays budget gives aspiring developers some hope 🏠 #propertydevelopmentfinance #propertydevelopers

It's ok to be scared... My wife said to me earlier "Dave I am scared" which after being diagnosed with cancer then undergoing surgery on wednesday, which was as successful as it could be, and then having a further emergency op on friday, due to internal bleeding, this is completely understandable. Who would not be scared? However, like anything in life, focusing on the end goal is vitally important, even if at times it feels like your going backwards before going forwards. Life at times can be tough but you only get one shot, so building resilience whilst on your way to your end goal is all part of the journey. #postivemindset #goals #fightcancer PS Photo taken a couple of weeks ago with family visiting us from Leeds

The Fear of The Unknown... It has probably has been the longest 19 weeks of our life but this post is all about the apple of my eye, my wife.. 19 weeks ago we were given news that no one would want and to be honest has taken many weeks to get our head around it... However despite fighting for every appointment, today my wife undergoes an operation which all of women would dread, but is ready to fight the cancer battle. Your family and friends are 100% here to support you so remember to remain positive, fight unconditionally and look forward to the future with optimism x PS We kept ourselves busy at the weekend and won at horse racing so lets hope that good luck stays with us #fightingcancer

🍾 Client Testimonial.... Really please to get this feedback from a customer...means everything.. "I am an experienced and well-connected successful property entrepreneur who found themselves in an unusual and dire situation. My usual team of advisors were not solving my existential problems when my most respected broker referred me to Dave with the highest recommendation. Initially, when I seemed to have no solution, Dave simply told me that he was in my corner & would fight my fight to the end, and that is exactly what he did. Dave was always on hand to answer any questions and deal with my own team and outside consultants directly from start to finish. His industry knowledge was something that we lacked and made such a difference. His attention to detail is great, but his effort, energy & proactive pushing projects through to completion is what makes the difference. I found Dave to be very professional, patient, and understanding of my requirements, but he also coached my staff towards resolving our difficult problems. Dave has been instrumental to the success of my business & I will now use Dev-Brok for all my financing as I have complete trust in their professionalism, experience, and communication. NP"

🔨 You've secured the land and are ready to build, but how do you fund it? 🏗️ Here's a quick breakdown: 1️⃣ Initial Appraisal: Assess your build costs, which are split into packages starting from the ground up. 2️⃣ Build Phases: From substructure to superstructure and becoming watertight, and finally, the internal fit out with first and second fixes. 3️⃣ Materials & Labour: Ensure you have everything on site as you progress. 4️⃣ Funding: During the DD process, the QS (Quantity Surveyor) assesses costs and allocates funds to each package. As materials are delivered and stages are completed, the QS certifies your progress. You’ll then draw down the funds, usually within a week of their site visit. Repeat this over your 12-24 month build programme. I'm Dave from DevBrok. Want to discuss this in more detail? Feel free to get in touch! #PropertyDevelopment #BuildingProject #ConstructionFunding #UKConstruction #PropertyFinance #ConstructionManagement #PropertyInvesting

Walk through of a lender site visit which is now a development site due diligence... A local developer approached me for funding to carry out a development of 2 x Barn Conversions .....whilst also showing an example of a recent completed barn conversion on site... Great site and a stunning example of a completed barn... #developmentfinance #propertyfinance

🔍 Understanding Due Diligence in Property Development 🔍 When assessing a property development site, due diligence is crucial. Here's what to consider: 1️⃣ Developer’s Credentials: Check the developer's experience and financial stability. Ensure they can provide the necessary asset and liability statement. 2️⃣ Delivery Team: Who’s responsible for the build? Assess their experience and track record. You don’t want a contractor going bust mid-project – it could be catastrophic! 3️⃣ Financials: Ensure the project numbers add up. Consider the return on investment and exit strategy – will you refinance, hold, or sell? Lenders scrutinise all these factors, and with my experience, I help pre-empt potential issues to streamline the process. 🏗️ I'm Dave from DevBROK. Want to discuss a project? Reach out to me! #PropertyDevelopment #PropertyInvestment #DevelopmentSite #InvestmentStrategy #PropertyTips #UKProperty #ConstructionManagement