Senior Debt development finance is the conventional type of property development loan, where the lender takes a first charge over the site/ property being developer and can fund up to 65% of the Gross Development Value, or 80% of project costs, including an interest provision (so interest does not have to be paid monthly).

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​High Street Banks, specialist lenders and family offices all provide senior debt. Such loans can vary rather dramatically from lender to lender, and the cost of the loan can be determined by the Loan to Cost or Loan to Value, and the experience of the applicant developer, as well as the location, size and type of development.