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Construction Loans
Construction loans provide progressive funding for new builds or major renovations. Funds released as construction milestones are met.
Key Benefits
- ✓Progressive draw-downs
- ✓Interest-only during construction
- ✓Flexible terms
- ✓Fast approvals vs banks
- ✓Experienced builders preferred
- ✓Residential or commercial
Requirements
- •Building plans and approvals
- •Builder contract and qualifications
- •Project budget and timeline
- •Land ownership or purchase contract
- •Deposit/equity contribution
How It Works
1
Submit construction plans
2
Valuation (as-is and on-completion)
3
Builder vetting
4
Loan approval
5
Progressive inspections and draw-downs
Frequently Asked Questions
How do draw-downs work?
Funds released in stages as construction progresses, typically after inspections confirm milestone completion.
What LVR is available?
Typically 60-70% of end value or costs, depending on experience and project.
Do I pay interest during construction?
Usually interest-only on drawn funds, with principal due at completion or refinance.
Ready to Apply for Construction Loans?
Connect with private lenders who specialize in construction loans. Get responses within 24-48 hours.
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