Development Loans
Want to build multiple units on one title?
Or looking to sub-divide a property? May be build an apartment complex?
The application process for a Development Loan is complex – whether you are considering a simple sub-division, residential or commercial development. We can guide you through this complicated process.
We have over 7 years of experience in financing multi-unit developments by putting together a professional finance application that satisfies banks’ stringent requirements.
We specialise in
Residential lending projects up to 4 units on 1 title
Commercial developments that require construction of more than 4 units on one title
First time developers
We also have access to Private Lenders in case your requirements do not fit in the mainstream lenders’ criteria.
Bank look for 3 things
Deposit
Minimum 5% + Lender’s Mortgage Insurance (LMI)
Income & Expenses
Income from all sources can be included, depending on the lender chosen. Expenses include living expenses, repayments, credit limits, etc.
Credit History
Previous credit history and credit applications.