Development finance is for projects built to sell or hold, from a duplex to a small townhouse or subdivision project. Lenders look closely at the feasibility, your experience, presales and the builder. George helps you prepare the numbers and approach lenders suited to the size of the project.
How George can help
- Duplex and dual-occupancy projects
- Townhouse and small unit developments
- Land subdivision finance
- Help preparing feasibility and lender submissions
- Bank and non-bank development lenders
- Residual stock and completion refinancing
Good to know
Development lending usually needs a larger contribution than a home loan, and some lenders require presales.
Costs and timeframes can change during a project, so build a contingency into your feasibility.
Common questions
Not always for smaller projects, but experience, a strong builder and a clear feasibility make approval easier.
A loan secured by finished but unsold dwellings, which can give you time to sell after the construction loan ends.
This page is general information only and does not take into account your objectives, financial situation or needs. It is not credit advice. Lending criteria, fees and charges apply. Credit Representative 406032 is authorised under Australian Credit Licence 384408. Australian Credit Licence 384408 is held by Elders Home Loans Pty Ltd (ABN 22 118 064 654).
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