A typical term loan often has one fee: an arrangement fee, charged once at drawdown.

Job done.

Development finance doesn't work that way. A single facility can be running several fee cycles at once — a monthly management fee, a quarterly commitment fee on whatever's still undrawn, maybe more — each with its own frequency, its own collection basis, its own start date. Bolt that onto a revolving facility, where the undrawn balance itself moves every time money is drawn or repaid, and "just add a field for the fee" stops being an option.

Of course, Elevations supports straightforward fees too. Recurring fees sit alongside them, not instead of them.

And fees aren't only something a borrower pays out — sometimes they're something a borrower needs funding for. A dedicated tranche lets the facility itself lend to cover the professional fees a development incurs along the way — solicitors, valuers, whoever's on the appointment list — drawn down and tracked against its own limit, just like the construction costs or the site purchase.

So in Elevations, fees are their own first-class concept: a loan can carry any number of active fee cycles side by side, each one configurable as a fixed amount or a percentage — of balance, of the facility limit, of what's still undrawn, even an average of what's been left undrawn this period. Every cycle is projected forward onto the loan's schedule the moment it's set up, the same way we already project rolled-up interest, and reconciled against the real numbers the day it actually falls due.

The result: change a fee, and you see its true cost across the life of the loan immediately — not after some spreadsheet analysis.

That's the difference between borrowing a lending platform's idea of a fee and building for what development finance actually charges.