A construction loan from a private lender, secured by first mortgage, with funds released in stages as the build progresses.
Construction finance is a loan that pays for a building project, released in stages called drawdowns as the work is completed. Quickfundz provides private construction loans on first mortgage, from $200,000 to $5 million, up to 70% of the property's value, for terms of 3 to 24 months.
A construction loan funds the cost of building. Instead of advancing the whole amount at once, the lender releases it in stages as the build reaches agreed points. Each release is called a drawdown.
Quickfundz can structure a construction loan with staged drawdowns. The drawdown schedule, and how interest is charged across the stages, is agreed with you and set out in your letter of offer.
Every loan is secured by a first registered mortgage over the security property.
We lend up to 70% of the property's value, from $200,000 to $5 million.
Paid monthly, or fully capitalised so there are no monthly payments. How interest works.
Short-term lending, Australia wide. We reply to applications within 2 business days.
A company needs $2,000,000 for 18 months to build, secured against a property valued at $3,200,000, with the interest capitalised. This example assumes the whole loan is advanced at settlement. With staged drawdowns, your letter of offer sets out how interest is charged.
Example only, at an interest rate of 12% a year. Capitalised interest compounds monthly. Rates range from 9% to 15% and are set on assessment. Fees and outlays are indicative and include GST. Your figures are confirmed in a letter of offer.
Try your own numbersMove the sliders to see the interest, the fees and the funds you would receive at settlement.
This calculator gives an estimate only. It is not an offer of finance or a quote. Your interest rate, fees and outlays are confirmed in writing in a letter of offer after we assess the application, the security and the valuation. Fees and outlays shown include GST and are indicative. Quickfundz lends to companies for business and commercial investment purposes only.
A drawdown is one stage of a construction loan being released. Rather than receiving the whole loan at settlement, you receive it in parts as the build progresses. Quickfundz agrees the drawdown schedule with you and sets it out in your letter of offer.
Yes. Quickfundz provides construction loans secured by a first registered mortgage, with funds released in staged drawdowns.
Quickfundz lends from $200,000 to $5 million, up to 70% of the value of the security property. Every loan is secured by a first registered mortgage.
Rates range from 9% to 15% a year. Your rate is set when we assess the deal and is confirmed in writing in your letter of offer. You can pay the interest monthly or have it fully capitalised.
Terms run from 3 to 24 months. The loan is repaid at the end of the term, usually from a sale or a refinance.
Quickfundz lends to companies for business and commercial investment purposes. We do not lend to individuals for personal, domestic or household purposes. We lend Australia wide.
Funding for property development projects, secured by first mortgage over the site. You deal with the lender directly.
Development finance detailsA loan secured by first mortgage over completed stock that has not yet sold, so you are not forced to discount it.
Residual stock loans detailsA land subdivision loan secured by first mortgage over the site, repaid when the new lots are sold or refinanced.
Subdivision finance detailsSee every kind of loan Quickfundz writes, all secured by first mortgage.
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