When it comes to funding your construction projects, securing the right loan is crucial to ensure both progress and profitability. Whether you’re a developer, investor, or homeowner looking to build or renovate, we offer tailored financial solutions designed to meet the unique needs of your project. Here’s why our lending options stand out from the rest:
- Lending up to 66% of the “On Completion” Value Net of GST
Our loan structure allows you to borrow up to 66% of your project’s “on completion” value, net of GST. This means you can secure a larger loan based on your property’s anticipated value once construction is complete, providing you with a greater level of funding flexibility. - Full Construction Contract Funding
Unlike traditional lenders, we fund the entire construction contract amount, which includes GST, contingency, and open space allowances. This comprehensive funding approach ensures you have the full financial support needed to cover every aspect of your construction project without the stress of unexpected costs. - Capitalise Interest or Pay Monthly
We understand the importance of managing your cash flow during a construction project. That’s why we give you the option to either capitalise your interest within the loan amount or pay it monthly, provided you can demonstrate the required serviceability evidence. This flexibility allows you to choose the most suitable repayment method for your financial situation. - Quicker Turnaround Time Than Major Banks
Time is of the essence when it comes to construction projects, and delays can lead to costly setbacks. Unlike the major banks, we offer a faster turnaround time, ensuring that your loan application is processed quickly so you can get started on your project without unnecessary delays. - Prompt Progress Payments
We understand that timely progress payments are crucial to keeping your construction on track. That’s why we ensure that progress payments are made within 24 hours of receiving a quantity surveyor or valuer’s report. This speed ensures that contractors are paid on time, helping to maintain strong working relationships and keep your project moving forward. - Pre-Sale Requirements Assessed on a Case-by-Case Basis
Every project is unique, and we recognize that pre-sale conditions should not be one-size-fits-all. Our team assesses pre-sale requirements on a case-by-case basis, providing you with the flexibility you need based on your specific circumstances. - Competitive Interest Rates Starting from 8.65% per Annum
We offer highly competitive interest rates starting from 8.65% per annum, providing you with an affordable option to fund your construction needs. With our transparent pricing, you can plan your project’s finances with confidence.
Conclusion: Our construction lending solutions are designed to offer you the flexibility, speed, and financial security that traditional lenders often can’t provide. From higher loan-to-value ratios and full contract funding to competitive interest rates and rapid progress payments, we ensure that you have everything you need to bring your construction project to life.
Contact us today to discuss how we can support your construction goals with a loan that works for you!
