Finance Product
Property Development Finance
Property development finance in Australia is a type of financing that is designed to help developers fund the construction process of their development. This type of financing is typically used by developers who need funding for a specific project, such as building a new residential or commercial property or where the project has delays, with trades; council and product availability delay.
There are several options available for property development finance in Australia, including traditional bank loans, non-bank lenders, and private lenders. Each option has its own benefits and drawbacks, and it’s important to research each option thoroughly before deciding which one is right for your project.
One popular option for property development finance in Australia is construction finance, which is a type of loan that provides funding for the construction of a new property. This type of financing is typically provided in stages / draw down facility, with funds being released at various stages throughout the construction process.
Another option is mezzanine finance, which is a type of loan that is typically used to bridge the gap between the amount of equity a developer has and the amount of financing they need to complete a project. Mezzanine finance is typically more expensive than other forms of financing, but it can be a good option for developers who need to move quickly and don’t have time to go through a traditional loan application process.
Overall, property development finance in Australia can be complex and requires careful consideration of the financing options available, the requirements of the project, and the financial capabilities of the developer. It’s always recommended to seek advice from professionals such as Lightspeed before making any significant financial decisions.