Property Development Finance
Is your property development project a multi-level apartment block, your dream home or a commercial development? Our team can help you find suitable finance.
What is Property Development Finance?
Property development finance is a type of construction loan that can help fund the development of residential and commercial properties.
With several property development finance options on the market for residential and commercial projects, individual lenders can have very different approval processes, fees, interest rates and risk assessments. At Short Term Funding Group, we have a wide range of development and construction finance options at competitive interest rates to suit your specific needs.
Residential Property Development Finance for Pty Ltd Companies
Most lenders define residential property development as small-to-medium scale developments, often up to four residential apartment units. Traditionally, lenders see this type of finance option as the less risky than commercial property due to the scale and reduced complexity. At Short Term Funding Group, we have a wide range of development and construction finance options at competitive interest rates to suit your specific needs.
Commercial Property Development Finance
If your development project is greater than four or five units or commercial offices, lenders are more likely to characterise it as commercial property development. Finance applications for commercial property developments can be slightly different from residential and often have a higher interest rate. At Short Term Funding Group, we have a wide range of development and construction finance options at competitive interest rates to suit your specific needs.
Understanding Your Project
Whether you are considering a commercial development, a residential property development, or even subdividing land, it is crucial to understand your needs as a borrower and what kind of property you are looking to build before applying for finance.
Having a large deposit for your development project can also give you a higher loan to value ratio. This is something we can assist with thanks to our panel of short-term funders. As a finance specialist, we have access to more than 50 of Australia’s leading lenders, including non-bank lenders and private funding options. At Short Term Funding Group, we have a wide range of development and construction finance options at competitive interest rates to suit your specific needs.
To find out which finance option is suitable for your development project, contact us today.
If your company or business needs a lifeline to fund a new initiative, grow your company, or keep it running, call us on 1300634634 for a confidential discussion of your business needs and your short term funding options, or complete the form and we will get back to you as soon as possible.
Short Term Funding Group - Helping Australian Companies and Businesses to secure funding.
1300 634 634
Level 25,100 Mount Street North Sydney 2060