Property Development Funding
With a number of different lenders on our panel, we are able to put the transaction out to a number of them to find the best deal for the property development funding. Finance for property development generally operates as an interest-only, progressively Drawn facility to finance development as required. Often the interest on the construction development loans is capitalized during the development period, with the entire loan inclusive of interest charged being repaid upon the sale of the development and or the refinance of any residual debt.
Borrowing Capacity and Maximum LVR for Property Development Loans
The borrowing capacity you can achieve for property development finance will vary depending on the property development funding criteria you are required to meet. This will vary from lender to lender and also depend on the proposal.
Generally speaking, Land Development Cost financing will provide up to 80% of the costs of your development, whilst Gross realization financing will provide up to 65 – 75%. To get the property development loan as per your requirement you can contact property development finance specialists near you.
Talk to Professional Lending Solutions Gold Coast
For a full overview of your borrowing capacity for land or property development in Gold Coast, Queensland, consult one of our Professional Lending Solutions lending partners today.