Flexible construction funding

Scenario –

Our client, a developer, needed capital to kickstart a high-end residential project in Merewether. The development includes two luxurious three-storey dwellings, and the client’s primary requirement was a capitalised loan facility.

With construction ready to begin, they required a swift and flexible funding solution.

Merewether NSW front
Merewether NSW external

Solution

We provided a construction loan with funds retained in our lawyers’ trust account, released in stages based on progress. An independent Quantity Surveyor monitors each stage, ensuring completion and accuracy before drawdowns.

Recognising the urgency, we allowed the builder to start construction even before settlement, enabling a fast project launch.

The client plans to sell one duplex and live in the other, with the sale proceeds covering most of the debt, leaving the client with a nearly unencumbered property.

This efficient and flexible funding approach provided the client with a seamless start to their project, fulfilling their vision with minimal financial stress.

LVR
67.6%
Loan amount
$3.86 million
Loan term
15 months

I have been investing with Funding for many years now. I have found them to be professional, prompt and courteous in all my dealings. Thanks also to my Investment Relations Manager Sam who is looking after my financial needs. Very happy with the service he provides.

Harwin S
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