Construction facilities
Progress draw funding sized against total development cost and gross realisation.
Overview
Development finance is judged on the feasibility, not on the borrower. Lenders want to see that the numbers work with a margin, that the builder can deliver, and that there is a credible exit.
Most declines we see are not about the developer. They are about a feasibility that was optimistic on sales rates, thin on contingency, or silent about what happens if the project runs three months late.
Who this suits
- Two to twenty unit residential developments
- Townhouse and duplex projects on a single site
- Small mixed use and commercial developments
- Completed stock that needs refinancing off a construction facility
- Land subdivision requiring civil works funding
What we help with
Residual stock loans
Refinancing completed but unsold stock so you are not forced into a discount sale.
Feasibility review before lodgement
We stress test the numbers first. It is cheaper to find the problem here than at credit.
Before you go further
The detail on this page is general information, not credit assistance or personal
advice. What applies to your situation depends on your income, assets, liabilities
and objectives. Call 0413 321 141 and we will work through the specifics.
Common questions
How it works
Initial Consultation
We discuss your goals, financial position and borrowing requirements.
Compare Loan Options
We compare suitable lending solutions available through our approved lender panel at the time of assessment.
Application Support
We prepare and submit your application while keeping you informed.
Settlement
Once approved, we assist through settlement and remain available for ongoing support.