Property Development Finance
Our clients’ satisfaction ratings on Google and Facebook have made us Australia’s most trusted Number 1 Asset and Equipment Finance broker.
We prioritise supporting property developers at any level with efficient, custom funding solutions. Leveraging our vast network of investors. At VOXFIN, development loan specialists streamline property development funding with affordable development loans for short-term development loans and flexible development finance options to meet project needs.
With a flexible funding model and strong industry relationships, we guide clients from land acquisition to project completion.
VOXFIN’s development finance brokers facilitate land development loans, development construction loans, and building renovations. As a leading mortgage broker for the best property development finance, we offer tailored short-term loans for project build phases.
With a proven track record, VOXFIN has successfully originated and arranged funding for various property development projects such as:
- Childcare centres loans
- Finance for Medical Facilities
- Financing Hotels and Motels
- Residential Units loans
- Townhouse loans
- Land subdivisions finance
- Commercial Property loans
- Retail commercial property loans
- Industrial loans
- Finance for Office Spaces
Development Structured Finance
Structured finance solutions tailored to your project needs
Property development Funding options
Funding options sourced from our extensive network of development lenders, including major banks and private lenders
Expert preparation of credit submissions
Expert preparation of credit submissions and management of the funding process on your behalf until settlement
Streamlined experience facilitated by our brokers
Streamlined experience facilitated by our expert real estate development loan brokers, simplifying interactions with major banks or lenders and navigating complex processes for you
Fast loan approvals and turnaround
Lower requirement for construction loan pre-sales
For Property development finance, you are choosing VOXFIN for:
- Fast approvals
- A full-service loan process
- A no-deal, no-fee guarantee on the development finance
- Solutions for all types of development property finance
- Our clients’ high satisfaction ratings made us Australia’s best home loan mortgage broker
For property development finance, consider the following points
Before seeking finance from private lenders for property development, there are several factors to consider:
Interest Rates and Fees
Private lenders typically charge higher interest rates and fees compared to traditional banks. Consider whether the potential returns from your development project justify the higher costs of borrowing.
Loan Terms
Private lenders may offer shorter loan terms compared to banks. Ensure that the loan term aligns with your project timeline and allows for sufficient time to complete the development and repay the loan.
Loan Amount
Private lenders may have limitations on the maximum loan amount they can provide. Evaluate whether the loan amount meets your financing needs for the development project.
Collateral requirements
Collateral Requirements
Private lenders may require substantial collateral to secure the loan. Understand the collateral requirements and assess whether you have suitable assets to pledge as security.
Reputation and Reliability
Research the reputation and reliability of private lenders you are considering. Look for lenders with a track record of funding successful development projects and positive reviews from previous borrowers.
Exit Strategy
Develop a clear exit strategy for repaying the loan, whether through property sales, refinancing with a traditional lender, or other means. Having a viable exit strategy is essential for mitigating risks associated with private lending.
At VOXFIN, mortgage brokers for development finance will assist you in commercial development finance, construction development finance with major banks or private lending for all types of your property development finance.
Risk management and legal guidance
Risk Management
We help you assess the risks associated with private lending and develop mitigation strategies. Our goal is to safeguard your interests and maximise the success of your property development venture.
Transparent Communication
We believe in transparent communication and keep you informed at every step of the financing process. Our team is readily available to address any questions or concerns you may have, providing peace of mind throughout the lending journey.
By leveraging our expertise in development finance and extensive private development funding options networks, VOXFIN can help you secure private funding for your property development project while minimising risks and maximising returns.
Frequently Asked Questions (FAQs)
Questions and queries related to Property Development Finance
WHAT IS PROPERTY DEVELOPMENT FINANCE?
WHO CAN APPLY FOR PROPERTY DEVELOPMENT FINANCE?
WHAT TYPES OF PROPERTY DEVELOPMENT FINANCE ARE AVAILABLE?
There are several types of property development finance available, including:
- Senior Debt: The primary loan for the development project, typically covering a significant portion of the costs.
- Mezzanine Finance: A secondary loan that fills the gap between the senior debt and the developer’s equity.
- Equity Finance: Funding is provided in exchange for a share of ownership in the project.
- Joint Venture Finance: A partnership where multiple parties invest in the development project.
HOW MUCH CAN I BORROW FOR PROPERTY DEVELOPMENT?
The amount you can borrow depends on several factors, including the project’s size, location, and feasibility, as well as your financial situation and experience. Lenders typically offer loans covering up to 70-80% of the total development cost or gross development value (GDV).
WHAT DOCUMENTS ARE REQUIRED TO APPLY FOR PROPERTY DEVELOPMENT FINANCE?
Commonly required documents include:
- Detailed project plan and feasibility study
- Development approvals and permits
- Financial statements and tax returns
- Proof of ownership or purchase agreement for the property
- Builder’s contract and construction cost breakdown
- Market analysis and sales projections
HOW LONG DOES IT TAKE TO GET PROPERTY DEVELOPMENT FINANCE APPROVED?
The approval process can vary but typically takes between 4 to 8 weeks. This timeline depends on the complexity of the project, the completeness of your application, and the lender’s due diligence process.
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WHAT ARE THE INTEREST RATES FOR PROPERTY DEVELOPMENT FINANCE?
Interest rates for property development finance vary based on the lender, the type of loan, and the risk associated with the project. Rates can range from 10% to 15% per annum. It’s essential to compare different lenders to find the most competitive rate.
ARE THERE ANY FEES ASSOCIATED WITH PROPERTY DEVELOPMENT FINANCE?
Yes, there are several fees that may be associated with property development finance, including:
- Application fees
- Valuation fees
- Legal fees
- Drawdown fees
- Exit fees
CAN I GET FINANCE FOR BOTH LAND PURCHASE AND CONSTRUCTION?
Yes, many lenders offer finance solutions that cover both land purchase and construction costs. This is often structured as a combined loan, ensuring you have the necessary funds throughout the development stages.
WHAT IS THE LOAN TERM FOR PROPERTY DEVELOPMENT FINANCE?
Loan terms for property development finance typically range from 12 to 36 months, depending on the project’s scope and timeline. Some lenders may offer extensions if the project experiences delays.
HOW CAN I IMPROVE MY CHANCES OF GETTING PROPERTY DEVELOPMENT FINANCE?
To improve your chances of securing property development finance:
- Prepare a comprehensive and detailed project plan
- Ensure all approvals and permits are in place
- Demonstrate your experience and track record in property development
- Provide clear financial statements and proof of equity
- Work with a reputable mortgage broker or financial advisor
For personalised guidance and assistance with property development finance, contact our team at 0370652000 to discuss your specific project needs and find the best financing solution.
Why choose us?
We understand the importance of earning your trust in the guidance provided by the expert property development finance specialist at VOXFIN. We can assist you with all types of property development financial needs.
Additionally, we can assist with organising financing to start or grow your business and fund your projects.
Expert property development finance brokers at VOXFIN are here to help you with all development financial needs. We simplify the loan process and provide the right information and guidance so you can make sound investment decisions.
We assist Australians throughout the nation.
Australians have trusted us as expert home loan mortgage brokers for all types of their loans and mortgage needs such as first home buyer loans, refinancing home loans, agribusiness loans, business loan brokers, commercial loan brokers, car loan brokers, asset and equipment finance brokers, SMSF property loans, property development finance brokers, business car loan brokers, bad credit score lenders, medical professionals’ loans, personal loan brokers, and many more to help them find the suitable loans to finance their property dreams.
Get a Free Consultation
info@voxfin.com.au
0370652000|0435393623
Expert mortgage brokers for development finance at VOXFIN will simplify your land development and residential development loans.
Expert real estate project financing brokers will provide tailored development finance guidance and financing options with the competitive interest rate and risk management fees and charges. You’ll work with the best development loan specialist in Australia. We work hard for you with honesty, transparency and genuineness, ensuring a long-lasting professional relationship built on trust.
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