Development funding

Allow us to help you structure your finance application to maximise your development funding capacity.With our experience and access to a range of finance options we always strive to fund your projects with ease.

Gauge Finance specialises in this area of finance and have had many years of experience with land sub divisions, high rise, multi-development, supermarkets, hotels and taverns, caravan parks and many more.

Requirements will vary and will depend upon the nature of the development

Development funding is a type of loan that the borrower uses to fund a construction project.

This type of project involves building several properties all under one title. This funding splits into two categories depending on how many and which type of residences you want to build.

Developments that have up to four units, including townhouses, duplexes and triplexes can secure funding through a residential development funding. Larger projects require that you secure a commercial development loan or funding

A development loan is a short-term funding option, usually for between 6-24 months. It is designed specifically to assist with the purchase costs and build costs associated with a residential or commercial development project.

Loan-to-Value Ratio (LVR)

The maximum amount of money the lender will let you borrow depends on the lender itself, your loan amount required, your project complexity and the amount of pre-sales you have. The LVR can be anywhere between 50-80%. Our team will assess your project and line up the most suitable and cost-effective lender depending on your personal and project’s circumstances.

Construction and renovation loans

Construction finance is a creative and strategic alternative to traditional residential finance to maximise the return on your investment.

If you’re building a new home or planning major renovations to your existing home, a construction loan is generally the most appropriate funding option.

The difference between a construction loan and other types of loans is that a construction loan is drawn down in stages and not paid as a lump sum.

The drawdowns enable the builder of a home to finance the various stages of the construction process from the acquisition of land to the various stages of building.

Contact Us Today!

If you’d like help tailoring your development funding or construction loan, we can help.

We invite you to reach out and touch base with our team. We’re ready and willing to help you choose the correct loan and secure the best type of loan possible for your project.

Contact us on 0411 119 922