propertydevelopmentfinancemelb

[propertydevelopmentfinancemelb]

Property Development Finance - made easy !

[propertydevelopmentfinancemelb]

Commercial Development Loans for Property Development

The positive impact of smart commercial and residential property development in Melbourne is felt near and far, but not if the construction projects are unreasonably held back by unsuitable financial expectations.

Whether you’re a newbie or an experienced property developer looking to fund your next project, we have loan solutions that don’t require pre-sales or long application processes.  You can get up to 110% of construction costs allocated so that you can complete your development quickly.

If you’re a property developer, builder or investor, there’s a wide number of finance options available to help you kick-start your next development. But even for experienced developers, the non-bank lending options can often feel too hard — right here we will run through some of the things to think about, so you can make the right property development finance choices.

We have very strong relationships with our own panel of lenders that understand your plans to build a duplex, triplex, townhouse, or a larger commercial property projects.

Call us or complete our free assessment form to find out how quickly we can get you approved.

Obviously there is a need to ensure sufficient funds are available before construction is complete so setting up your loan in a way that supports your needs is crucial and as we are developers ourselves, WE UNDERSTAND THIS.

Commercial mortgages can be used to purchase commercial property like stores, office space and industrial warehouses — almost anything that isn’t private residential property. Broadly speaking, they work the same way as private mortgages, helping you spread the cost of a large purchase over a reasonable period of time.

The most straightforward commercial mortgages are taken out by existing businesses who want to buy their own premises, where the business already operates. A typical example could be a doctor who wants to buy the building where he/she practices — instead of paying large amounts of rent, he/she would prefer to own the property, but can’t afford to pay for it outright.

How to apply for a residential property development loan

Construction loans for a residential project is for the purposes of building a maximum of 4 units on one title for residential purposes.

This can take several forms, including a duplex, triplex, townhouse or a small block of apartments or units.

With residential development funding, your interest rates are obviously going to be less than that of a non-residential ( commercial ) loan.