Construction & Development
Construction and Development Finance
Funding for residential and commercial projects, from buying the site through to completion.
- Specialist in Business Lending
- Australia-wide
- No obligation quote
What it is
How Construction & Development Works
Development finance funds the costs of a building project and is drawn down in stages as work is completed. Lenders look closely at the site, approvals, builder, costings, and any pre-sales or end value.
We work with banks, non-banks and private lenders that specialise in development, including mezzanine and residual stock options.
What You Can Use It For
- Site acquisition and land holding
- Duplexes, townhouses and apartments
- Commercial and industrial builds
- Construction funding drawn in stages
- Mezzanine and preferred equity
- Residual stock loans after completion
Who it suits
Is It Right for Your Business?
- Developers with a track record
- First-time developers with the right builder and team
- Builders funding their own projects
- Projects with approval in place or close to it
Key Features
- Loan size
- Project dependent
- Leverage
- Lender dependent, assessed on cost and end value
- Drawdowns
- Progress payments, usually after a quantity surveyor signs off
- Term
- Matched to the build program
A general guide only. Your lender sets the actual terms, rates and fees.
Benefits and trade-offs
The Good, and What to Watch
Benefits
- Funds released as the project progresses
- Specialist lenders who understand development risk
- Options to refinance or sell down on completion
Trade-offs
- Lenders need a detailed feasibility, costings and approvals
- Bank funding may need pre-sales
- Cost overruns and delays affect your funding, so contingency matters
How it works
Three Steps to Funding
Tell Us What You Need
A few quick questions about the finance and your business. It takes about a minute.
We Compare Your Options
We talk it through with you, then match your scenario to suitable lenders from our panel.
Get Funded
We handle the paperwork with the lender and keep you updated through to settlement.
FAQs
Common Questions
What do I need to apply?
Usually a feasibility, development approval or plans, builder and contract details, costings, your experience, and any pre-sales. We'll give you a checklist.
Do I need pre-sales?
Banks often want them. Non-bank and private lenders may fund with fewer or none, at a higher cost.
What's a quantity surveyor for?
The lender uses an independent quantity surveyor to check the costings and sign off each stage before funds are released.
Ready to Talk Finance?
Tell us what you need. We'll compare lenders and come back with options.