A land subdivision loan secured by first mortgage over the site, repaid when the new lots are sold or refinanced.
Subdivision finance is a short-term loan that funds the cost of dividing land into separate lots. Quickfundz provides land subdivision loans on first mortgage, from $200,000 to $5 million, up to 70% of the property's value, for 3 to 24 months, repaid from the sale of lots or a refinance.
Subdividing land takes money before it makes any: the site itself, the approvals, the civil works and the cost of registering new titles. A subdivision loan covers those costs and is repaid once the lots can be sold.
Because the money comes in at the end, many subdividers choose to capitalise the interest, so there are no monthly payments while the work is under way.
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 $900,000 for 12 months to subdivide land valued at $1,400,000, with the interest capitalised and the loan repaid from lot sales.
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 that pays for buying and dividing land into separate lots, secured by a mortgage over the land. It is usually repaid from the sale of the new lots or by refinancing.
Not if you choose to capitalise the interest. With fully capitalised interest there are no monthly payments, and the loan is repaid at the end of the term.
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 land you hold for a future project, while you work towards approval, sale or development.
Land bank 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.
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