Development Finance

Lo Doc Development Finance for Residential and Commercial.

You may be familiar with Low Doc Home Loans
A similar criteria applies

Unlike traditional construction finance from banks where
you made be able to borrow 80% of the hard costs, providing
you can come up with the 20%.

For example if you had a development that had an end value
of $10,000,000 and the hard costs came to $7,000,000,
the bank would lend you 80% of this figure, which is $5,600,000.

You would have to come up with $1,400,000 of your own funds.

Now you have to jump through a few lending criteria loops,
such as a strong Assess & Liability sheet, tax returns, generally
want pre-sales and tax returns to show serviceability.

What Do You Do When You Run Out Of Equity Funds?

How to leverage your funds and time to get more deals

Lo Doc Development Finance

Comparison of traditional Bank Finance
and Low Doc Development Finance

Using the above costs of a development,$10,000,000 end
value or GRV and $7,000,000 construction costs.

Bank construction finance = 80% = $5,600,000
( equity needed $1,400,000 )

Low Doc GRV Finance = 70% of end value/GRV = $7,000,000 = 100% Finance*

The lending criteria is much more flexible.

No tax returns or serviceability issues.

This sought of finance gives you leverage to do more than one or two
developments at a time.
It's a way to get more than one bite of the development pie.

Other Low Doc Commercial Finance (70% - 80% LVR )

Private Finance ( up to 85% LVR )

Short Term Finance ( We can settle in 24 hours )

For all your Development and Commercial Finance please contact us now!

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