Our Loans
Development Funding
With the major banks increasing deserting this space there has been a corresponding increase in the number of Private Mortgage funders willing to consider development opportunities. As with most private funding solutions, there is more flexibility with their offerings and they can consider the following scenarios:
- Site Acquisitions
- Land Subdivisions
- Residential, Commercial or Mixed Use developments
- Residual Stock loans
They can also consider other factors that major funders will typically reject. These include:
- None or few presales
- Bad Credit applicants
- Low Doc applicants
- Higher LVR’s
- Builder developers
If you have been knocked back by your long term bank funder or are just finding the conditions now being imposed too onerous, let us find you a solution that gets you doing what you do best, developing!
Private Development Funding Summary
| Max LVR | 70% GRV (up to 80% Total Development Costs) |
| Max Loan | $300 million |
| Interest Rate | From 6.95% |