Construction loans can be complex and can result in unintended consequences if not executed properly. Whilst all transactions are different, here are the eight high-level information requirements to secure your construction loans:
- Architectural plans
- Planning approval conditions
- Borrower’s assets and liabilities
- Developer’s track record
- Builder’s track record
- Project feasibility
- Funding table
- Details of presales (if applicable)
Upon receipt of documentation
We will assess the deal and let you know if we have a lending appetite. Term Sheets are issued to approved applicants within 24 hours of receiving the required information.
Our average ticket size ranges between $1 to $10 million.
We don’t penalise first-time developers, we work with them to manage and mitigate possible risks instead.
Construction loans and financing
We have the funding capacity and resources to close out a transaction within a couple of weeks of getting an application for a construction loan.
If you are looking at options, don’t hesitate to reach out to us today for a confidential discussion.