Funding support when you need it most.
Multiple lenders, multiple sources of debt, and equity when your project needs it. We know what our development lenders are funding right now. So if the project changes midway, you're not relying on one lender to stretch.
Scroll down to see what our lenders are funding. ↓
Our real estate and buyers agent network can also help you find sites and support presales.
Between projects or need funding now? Use the form below, or call us.
Theodolite, 19th century Every line checked before anything is built.
Development finance funds a project from site to sale: buying the land, getting it approved, building it and selling it down. Every other loan on this site is assessed on something that already exists. A development loan is assessed on something that doesn't yet.
A development lender isn't lending against what the site is. It's lending against what it will be, and against your ability to get it there.
We work with private and non-bank lenders who specialise in development finance, and we stay across what they're funding at each stage right now. If your project fits, we can connect you with the lenders it suits.
Most projects are funded in layers. Senior debt sits first and is the cheapest. Mezzanine or stretch funding sits behind it and costs more. Equity, yours or a partner's, sits last and takes the most risk. How those layers are sized decides how much you need to put in, what the money costs, and how much of the profit you keep.
That's why most projects aren't short of a lender. They're short of a structure. The same project can be unfundable with one stack and straightforward with another.
The feasibility is the credit application. Lenders read it for the gross realisation value (what the finished project should sell for), the total development cost, and the margin between them. From there they look at loan-to-cost and loan-to-value against the completed value, the planning status, the builder and the building contract, presales, and your track record.
Experience matters, but it isn't everything. A strong builder, a fixed-price contract and more equity can carry a first or second project that a thin feasibility never would.
Interest on a development loan is usually capitalised: it accrues through the build and is paid from sales at the end. So every month of delay, whether in approvals, construction or sell-down, comes straight out of the margin.
That makes timing the real risk to manage, and it's why the earlier a lender sees a project, the more options there are. A facility arranged before the pressure is on costs less, in every sense, than one arranged after.
Lenders' appetite changes by stage: site acquisition before approval, construction, land subdivision, and residual stock once the project is built. See what our lenders are funding at each stage below.
This page is general information only. It isn't financial, credit or legal advice and doesn't take into account your particular circumstances. Lending decisions are made by the lender.
Development lending matrix
| Stage | What it covers | Loan size |
|---|---|---|
| Site Acquisition & Pre-Development | Buying the site and holding it through planning, with or without DA. | Up to $100m |
| Land Subdivision | Civil works and subdivision of englobo or larger lots. | Up to $40m |
| Construction | Progressive drawdowns to complete residential, commercial and mixed-use projects. | Up to $250m |
| Residual Stock | Refinancing completed, unsold units or lots while they sell down. | Up to $150m |
| Mezzanine & Preferred Equity | Extra funding behind the senior lender to reduce your equity requirement. | Up to $50m |
Site acquisition and pre-development funding, construction finance, land subdivision, residual stock loans, mezzanine and preferred equity, joint venture equity, and refinancing mid-project. We cover residential, commercial, industrial and mixed-use projects, as well as land subdivision and englobo sites.
Across our lender network, development facilities go up to $250m. How much a lender will advance depends on the gross realisation value (GRV), total development cost, presales, the builder and contract, and your experience.
Usually a feasibility, the DA or planning status, plans and a quantity surveyor's cost report, the builder and building contract, your development experience, and how presales or the exit will work. We'll tell you what your project needs before anything goes to a lender.
Lenders look at loan-to-cost (how much of the total development cost they'll fund) and loan-to-value against the completed value (GRV). Senior debt funds part of the cost, and mezzanine or equity can reduce what you need to contribute. The right structure depends on the project.
It depends on the project, the stage, the leverage and the lender. Interest is often capitalised during construction, and there are usually establishment and line fees. Private and mezzanine funding costs more than bank debt, reflecting the risk and flexibility. We'll show you indicative terms once we understand the project.
Yes. Some lenders fund site acquisition before or during the DA process, usually at a lower loan-to-value ratio than for an approved site. The closer the planning outcome, the more options open up.
Not always. Banks usually want significant presales, but a number of private and non-bank lenders will fund projects with low or no presales, depending on the project, the location and the exit.
Mezzanine finance is extra funding that sits behind the senior construction loan. It reduces the equity you need to put in, at a higher cost than senior debt, and is used when the senior lender's limit doesn't cover the full requirement.
A residual stock loan refinances completed but unsold units or lots. It pays out the construction loan and releases equity, so you can sell down the remaining stock at the right price instead of rushing sales.
Talk to us as early as you can. We can look at refinancing mid-project, bringing in an additional lender, or restructuring the capital stack. The earlier we know, the more options there are.
Yes. When one lender can't cover the full requirement, we can work across multiple lenders and sources of debt, and introduce equity or joint venture partners where debt alone doesn't complete the funding.
Experience matters to lenders, but it isn't always essential. A strong builder, a fixed-price contract, an experienced project manager and more equity can all help a first or second project get funded.
Yes. Real estate agents and buyers agents in our network can help identify sites in the areas you want to target, and help with presales once you're underway.
We aim to get back to you within the hour. In that first conversation we'll tell you whether your project fits a lender in our group or network, and what we need to take it further. Once we have that, you'll usually know within 24 hours whether there's a credible funding pathway, and if there isn't, why.
Getting indicative terms costs you nothing. If you decide to proceed, any fees are agreed with you up front, before any work starts.
They're combined from our lenders' credit guides and published criteria, and reviewed every 21 days. Each project is still assessed on its own merits by the lender.
Yes. We also arrange commercial property loans, bridging finance, second mortgages, business loans, SMSF loans and more, all for business or commercial purposes.
