Most Property Developers Learn Too Late About Commercial Development Loans Development finance doesn't work like a standard commercial mortgage. A commercial mortgage values what already exists. Development finance values what will exist when the build is complete. That's the Gross Development Value — the GDV — and it's the figure lenders work from when deciding how much to lend and on what terms. Visit Here- https://www.bigbizstuff.com/articles/what-most-property-developers-learn-too-late-about-commercial-development-loans-%E2%80%94-and-how-development-finance-actually-works