development finance.
Building other peoples dreams requires capital and a guiding hand, we can help you.
duplex, townhouse, apartment complex?
If you are planning on building a duplex, townhouse project or multiple apartment building, you need the right funding to succeed. We want to help developers secure finance to continue to support them to help build the supply side of the equation, more houses means more affordable property for Australians.
a little bit about development finance.
A specialised form of funding used to cover the costs of constructing or redeveloping residential, commercial or mixed use property projects. It is usually a short to medium term facility designed to fund everything from land acquisition, construction, interest and repayments and professional fees. Development funding is assessed based on the projects feasibility, planning approval end value (GRV) and your development experience. We liaise with valuers, quantity surveyors, builders, and lenders to help ensure smooth drawdowns and timely approvals.
what level of equity do I need?
Most lenders will require you to contribute 10-30% of total development costs (TDC), depending on the lender and project risk. Some private lenders may allow lower contributions but charge higher interest. Development finance is typically larger, more complex and based on the gross realised value (GRV) of the completed project. It often requires a detailed feasibility, planning approvals & a higher level of due diligence. For most residential projects, particularly with bank lenders, pre-sales are required to demonstrate demand and reduce lender risk.
can I include soft costs like DA, architect or interest into the loan?
Many lenders allow you to capitalise soft costs into the facility subject to limits, We can help structure loans that cover both hard and soft costs where feasible.
how long to get approval?
Approval times vary, mainstream lenders allow 4-6 weeks, with non-bank or private lenders in as little as 1-2 weeks depending on documentation and project readiness.
what documentation will I need?
- Council approved plans
- Fixed price or cost-plus building contract
- Development feasibility
- Project cost breakdown
- CV of developer experience
- Sales evidence or pre-sale contracts