Land acquisition
Funding the site, with or without a DA in place, structured so the construction facility can follow without refinancing twice.
Home / Development finance
Funding that keeps
the program moving.
Land, construction, progress draws and residual stock. We have built projects as well as funded them, which changes how we put a development deal together.
Book a strategy callWhat we do
Development lenders fund the feasibility, not the postcode.
Total development cost, gross realisation, presales, builder capability, contract type and the exit are what the credit team examines. A project that stacks up on paper still fails if the program and the drawdown schedule do not line up, or if the builder cannot be supported.
Our team also runs residential construction, so we read the feasibility, the contract and the program the way the lender's quantity surveyor will. That is usually the difference between a term sheet and a decline.
Who we work with
- Developers on duplex, townhouse and small unit projects
- Builders funding their own stock
- Landowners funding a DA or a rezoning play
- Investors on knockdown-rebuild and subdivision
- Projects needing funding before presales are complete
- Borrowers rolling a construction facility into residual stock
Where we help
Across the project life.
Construction facilities
Senior debt against TDC or GRV, with the drawdown schedule matched to the build program rather than the calendar.
Presale requirements
Lenders differ widely on presale cover. We take the project to the ones whose requirements your position can actually meet.
Progress payments
Claims, QS sign-off and drawdowns managed so the builder is not waiting on the bank mid-slab.
Residual stock
Funding against completed, unsold stock so you are not forced to discount into a soft month.
Stretch and mezzanine
Where senior debt leaves a gap, second-tier and non-bank options, with the cost of that capital stated plainly.
Before you commit
Bring us the feasibility early.
The cheapest time to find out a project will not fund is before you exchange on the land. We will read the numbers and tell you what a lender is likely to say, and what would need to change for the answer to be yes.
Book a strategy callWhat lenders will ask for
- Feasibility with TDC, GRV and margin
- Development approval, or the pathway to one
- Builder details, licence, contract type and track record
- Presale contracts, if the facility requires cover
- Your development experience and financial position
- A credible exit: sale, refinance or retained holding
Also useful
Other things we finance.
Have a project to fund?
Tell us what you're trying to do and we'll tell you what's realistic, and what it would take.
Book a strategy callNo obligation. Just a conversation about your options.