Construction Finance for your development project can be complex. Finance Advocates Australia understands the long-term goal is to realise maximum value at project’s end. Each development project is unique and a borrower may require a special facility that provides flexibility on progressive drawdowns, repayments and redraws.
We advise on structuring your construction finance facility by using our thirty plus years of experience and key lending relationships. Whether based in Melbourne, Sydney, Brisbane, or anywhere in Australia, we source the appropriate facility to assist you realise your vision.
Finance Advocates provides advocacy services to clients across the spectrum of the development industry, from larger developers to smaller independent investors seeking residential construction facilities.
The construction loan we find for you will:
- cost you less
- give you maximum financial benefit
- provide maximum flexibility
We are able to facilitate access to:
1 -Low Doc Construction Finance
Low Doc Construction Finance is often the preferred choice for our property developers, as it enables applications with less documentation than traditional finance requirements. The nature of these projects can vary and include a small duplex development to multi townhouse development, right through to a multi storey commercial building.
Low doc construction finance has been our expertise for over 30 years. We assist developers that may, for whatever reason, find it difficult to access project funding from mainstream sources. Our specialists have an exceptional record achieving an excellent balance between competitive finance offers that at the same time, maximise the borrowing capability for our valued clients.
Development projects are often complex and require a lender that can think outside the box when providing crucial finance options for developers. Whilst this option may not be the cheapest option available, it’s the flexibility that may ultimately prove to be the best option for you as a property developer in certain market conditions and project size. Get your project started sooner, without pre-sales and drawn out holding costs.
2 -Land Subdivision Finance
Land subdivision finance has been a specialisation of Finance Advocates over the years, having assisted numerous property developers and property development groups transform their vacant land site into multi land lots. Finance Advocates can assist with the entire process, from the acquisition through to the completed individual lots.
Obtaining land subdivision finance through Finance Advocates, ensures your entire subdivision needs are taken care of. From land acquisition, rezoning the land into separate lots, funding the infrastructure works, right through to the final stages of refinancing the completed project. We offer our clients peace of mind, knowing all their finance needs are thoroughly taken care of from end to end.
Obtaining the right finance for your project's unique requirements, or complex multi-unit development, is often challenging, as many major lenders are limited in the facility type and amount of funding they can offer for vacant land. This can result in the potential need to contribute a larger equity shortfall than first anticipated. Finance Advocates offers years of experience and the convenience of being a one stop shop solution for property developers to secure their funding and progress their project efficiently.
3 - Landbank Funding
Borrowers may require a loan facility where they have purchased or already own the land, however they are not ready to commence construction for a variety of reasons which may include things such as sorting out development approvals, or construction contracts and building permits.
Finance Advocates has access to numerous lenders that are prepared to lend up to 80% of the land value in some instances.
4 -Gross Realisation Funding
This type of finance is:
- funded against end value of project
- designed to reduce the client’s personal investment into the project.
5 - Funding Against Cost
Simple loan structures are funded against cost of development.
6 - Mezzanine Equity Funding
Is appropriate for borrowers who choose to:
- seek finance to bridge the gap between original funding and total cost
- avoid profit share arrangements
- be provided with up front finance costs
- maintain project development control
Register your interest via the express enquiry form today and one of our specialists will be in touch shortly.
Register now
