Development Finance
Property Development
We specialise in structuring complex financing solutions for commercial and residential property development.
We can provide construction and development finance that provides innovative and strategic alternatives to conventional development finance. We are able to source a wide variety of financial lenders which include non mainstream lenders. 3 Sisters Finance consultant are trained to provide you with innovative finance solutions aimed at ensuring you maximise the return on your investment.
Are you looking at financing any sort of development, equity funding, loan restructuring, refinancing or asset acquisition? Talk to us or email us and find out how we can help you.
Messanine Funding
Mezzanine funding is a term used for funding the gap between your primary or first mortgage and the total development costs. This type of funding usually involves development projects and ventures which require additional funding outside mainstream lending.
Mezzanine funding is a term used for funding the gap between your primary or first mortgage and the total development costs. This type of funding usually involves development projects and ventures which require additional funding outside mainstream lending.
As a developer in the current climate, you may find that you require a specialised broker to help you source funds to complete your project. This is where we can help you.
Our brokers are experts in sourcing the best deals for developers no matter what your project may be.
We understand that each project is different and the complexity of funding a property development that is require to complete the project, including the soft costs of the project and any ongoing charges and taxes payable during the course of construction. We can offer a range of funding from independent sources as well as from banks, ensuring the best financial package is available to our clients.
Moreover, syndicates, private individuals and investment companies, second mortgages are also part of our funding sources which can be structured according to your requirements.
Construction Loan
A construction loan may best suit your needs if you are building from scratch your own home, granny flat or investment property. In other instances a construction loan can be used to finance major renovations on an existing property.
The most common type of construction loans involve the purchase of the land and accessibility to funds as required to meet the building costs or if you already have a block of land, a construction loan will finance the construction costs of a new dwelling on that land.
A fixed price building contract from a registered builder is required, along with the usual necessary documents, when applying for a construction loan. These loans are usually interest only for the period of building and then become principal and interest once building is completed.
With a construction loan, you can break up the drawdown of the loan amount into five progressive draws, which are parallel to the five construction phases. As one stage of the construction is complete, you are able to draw down the next portion of the loan.
Construction of a dwelling is generally divided into five stages. These are as follows:
1) Slab down/base
2) Frame stage
3) Lock up,
4) Fixout/fixing
5) Final completion
Payment is delivered to the builder in stages only after the builder’s work is inspected and approved by the borrower, giving you peace of mind.
If you are interested in obtaining finance to build your dream home or investment property email or call us now on 0420 354 418 so you can start building sooner.