Funding for property development projects, secured by first mortgage over the site. You deal with the lender directly.
Private development finance is a short-term loan from a non-bank lender to fund a property development, secured by a mortgage over the site. Quickfundz provides it on first mortgage, from $200,000 to $5 million, up to 70% of the property's value, for terms of 3 to 24 months.
Development finance pays for the costs of taking a site from purchase through to a finished project that can be sold or refinanced. A private lender assesses the deal on the security property and the plan to repay, and can make a decision without a bank's committee process.
Developers use private development finance when the timing or the shape of a project does not fit a bank, or when they would rather keep their own cash free for the next site.
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 developer needs $1,500,000 for 12 months against a site valued at $2,400,000, with the interest capitalised.
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.
It is a short-term loan from a non-bank lender that funds a property development and is secured by a mortgage over the site. It is repaid at the end of the term, usually when the project is sold or refinanced.
We look at the security property, the loan to value ratio, what the funds will be used for and how the loan will be repaid. We also ask for company details, the last 3 months of business bank statements and credit reports for the company and its directors.
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.
A construction loan from a private lender, secured by first mortgage, with funds released in stages as the build progresses.
Construction finance detailsA land subdivision loan secured by first mortgage over the site, repaid when the new lots are sold or refinanced.
Subdivision 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 detailsSee every kind of loan Quickfundz writes, all secured by first mortgage.
View all loansOne question at a time. Give us the full picture once and we can assess the deal without going back and forth.
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