|Terms:||6 + 3 months|
Project: Client's construction project encounted certain unexpected obstacles which delayed completion, and requires extra $650,000 as cash flow injection to boost up the business vigour really fast
Role: Maxiron is able to use the unfinished project as security and provided full desired amount, and further approved a higher credit limit based on the completed property. The client performed a further drawdown of $200,000 later.
Following criteria must be fulfilled in order to get qualification for borrowing for Property Development—
There are three steps to follow up for getting Property Development Loans Australia at quickest with us. Take a glimpse—
Fill out our pre-approval form - it takes only 5 minutes!
Receive an immediate decision - upload a few documents for verification
Receive your funds in as quick as 1 working day
We have revised our application process, to be easy-to-complete in just 5 minutes. Our major focus is to continually work and make our property development finance as convenient as possible for our clients. Our rates of interest rests as low as 1% per month, so that our customers can focus on the principal amount rather than the interest owing. Alongside, we also offer the option for our customers to access their line of credit and redraw facility, making access to additional funding very easy and convenient. Finally, we are welcoming of businesses of all types – no matter the size, all businesses are welcome to obtain funding with us!
Bridging loans offer a short-term finance assistant with flexibility which helps applicants to fill a gap in a person’s finances situation before getting a long-term loan. It's very quick to get funding.
Development finance is also a short-term loan type but only can be used to finance property and renovation projects.
A development loan is a short-term funding type which is designed for applicants who are in need of finance support for property development projects. It often offers staged payments at the end of each building stage and you can borrow the ongoing interest as part of your package. The amount of funding depending on your site’s current value, the build costs and the gross development value.