Get Construction Finance in Australia Of Up To $2M In 24 Hours!

What is the construction finance in Australia?

Construction Finance in Australia
  • It is a short-term loan type, used to finance a building or a real estate project.
  • Construction finance can also be used to finance property & renovation projects in Australia.
  • Loan fund is calculated as 80% of the combined value of the land plus the construction.
  • The value of the loan increases with every progressed payment for construction up until the fund is fully withdrawn and utilised.

Construction finance in AU - features & benefits

- More than 2 participants - borrower, lender and construction party.
- Loan risk is shared - since there are more than one project participants.
- Difficult approval - due to shared risk.
- Risk is less significant on lender, more concentrated towards construction party.
- Fast access to the funds - allows better financial scheduling.
- Access to working capital, allows operations to focus on their tasks.
- Improves cash flow – no funds taken from company’s generated revenue.
- Covers 80% of LVR – borrower needs to risk only 20% of funds into construction.

Can I qualify for commercial construction finance?

Commercial Construction Finance

There are a number of eligibility criteria that one must stand upon to qualify for commercial construction finance, these are—

  • Must not be minor
  • Must be a citizen of Australia, or Australian immigrant
  • To present ABN (Australian Business Number), in case of commercial construction
  • The borrower must be a contractor, subcontractor or a qualified Builder
  • Must present a detailed building plan comprising in the floor plan, cost, inventory of raw material, information of suppliers & subcontractors (if any), and profit projections
  • Must present a licensed Builder (in case the borrower is not opting to build the property)
  • Documents to prove the willingness to repay the loan
  • Appraised Property Value (value of finished goods)

If you are someone that fulfills all these requirements for a construction loan, you are qualified to get construction finance Australia.

How do I get started?

To apply for a commercial construction loan with us here at Maxiron Capital, it’s easy. We value our customer’s time, and have simplified the application process so that it is both easy and quick to fill out.

Step 1

Fill out our pre-approval form - it takes only 5 minutes!

Step 2

Receive an immediate decision - upload a few documents for verification

Step 3

Receive your funds in as quick as 1 working day

Why Maxiron Capital?

Applying for a Construction Finance loan with us here at Maxiron Capital is very simple. We support businesses and projects of all types, no matter the size. Apply with us today, and fill out our quick 5 minutes online application form to get started now!

We strive to bring value towards our customers, and have focused on providing a solution that offers flexible repayments. With us, you can ease your mind when it comes to finances, and focus on your operations!

Recent case studies:

Completed Land Subdivision

Amount: $15,200,000
Terms: 8 months
LVR: 75%
Location: North-West Sydney NSW

Role: Refinance current senior loan provider and provide further funding to allow an equity release while allowing for the sell down of residual lots.

Development Finance

Amount: $3,500,000
Terms: 3 months + 3 months rollover
LVR: 70%
Location: Inner Sydney NSW

Project: Demolition of existing structures and construction of 32 room boarding house.

Role: Provide a capitalised bridging facility to fund on-site works while delayed capital was being transferred on-shore, which covered cost to complete and bullet repayment of loan facility.

Winding up Application Dismissed

Amount: $250,000
Terms: 6 months
LVR: 60%
Location: Western Sydney NSW

Security: First Registered Mortgage over Residential Property

Role: The Accountant approached a number of lenders, however, they were experiencing significant delays due to valuation timeframes, condition precedents and upfront costs to proceed to settlement.

Within 24 hours, Secured Lending funded the client and the winding up application was dismissed.

Referrer: Accountant.