07 Mar 2022

Development Finance: The Basics

Development Finance

Investors have several loan options available to them to purchase, renovate, and develop real estate properties. Among them is development finance. 

Developing a property consists of several elements including:

  • Land purchase
  • Construction
  • Renovations

Therefore, it’s important to find the right financing per project. Construction loans provide the infusion of capital a development project needs. Development finance is a short-term solution. It’s a solid financing option for large-scale projects. Keep in mind that the finance does not cover 100% of the project’s value. Instead, it covers between 70 to 80%. Plus, the finance only covers hard costs. 

Those who provide collateral or a guarantor can secure 100% financing. 

Mortgage House offers an array of financial products. Among them is development finance. Our team of loan specialists evaluates every application efficiently. We remain an innovator in the lending market. As a non-bank lender, we continue finding ways to help more applicants achieve their financial goals. Plus, we partner with investors and entrepreneurs who seek to capture opportunities. 

Our loan specialists cover the most important aspects of development finance. They ensure that the applicant receives the maximum amount. If development isn’t the right tool, they search for different loans that deliver better features. 

Once you become a Mortgage House client, you receive access to our range of products that include consolidation loan options and online tools such as our car loan calculator.

Development Finance Conclusion

Mortgage House understands that investors seek to maximise opportunities provided by the Australian real estate market. We can provide development finance in some situations. To find out more, contact our loan specialists today.

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