Funding drawn down as the build progresses
Development & Construction Finance
Site acquisition and construction funding released in stages against progress, structured around the feasibility of the project rather than the balance sheet behind it.
- Amount
- $500,000 - $20M+
- Term
- 6 - 36 months
- Security
- The site and the completed works
- Funding
- 2 - 6 weeks
How it works
How development & construction finance works
Development finance is assessed on the project: the land value, construction cost, expected end value and your pre-sales or pre-leasing position. Funds are drawn progressively as stages are completed and certified by a quantity surveyor, so you pay interest only on what's drawn.
Because it's project-driven, the feasibility study, the builder's contract and the sales evidence do most of the work in an application. Getting those right before approaching lenders is usually what separates a two-week approval from a two-month one.
Who is it for?
- Developers funding residential or mixed-use projects
- Builders taking on a project as principal
- Investors on small-scale subdivisions and townhouse sites
- Owners funding a significant commercial construction
Common uses
- Site acquisition ahead of a development approval
- Residential townhouse and apartment construction
- Commercial and industrial builds
- Land subdivision and civil works
- Residual stock loans once a project completes
Questions
Common questions answered
Other options
Explore the rest of our funding
Unsecured term loan
Funding without putting up property
$5,000 - $500,000Secured term loan
Lower cost, longer terms, larger amounts
$50,000 - $1M+Line of credit
Funds on standby, interest only on what you use
$10,000 - $500,000Equipment & asset finance
The asset secures itself
$10,000 - $1M+Invoice finance
Get paid now, not in 60 days
Up to 85% of invoice valueBusiness car loan
Vehicles financed on business terms
$10,000 - $250,000Trade finance
Fund the gap between paying suppliers and getting paid
$50,000 - $1M+