PROPERTY DEVELOPMENT FINANCE
The process of construction is undeniably complex, and arranging property development finance can be a daunting task. We offer developers access to the widest range of products covering the entire construction cycle from land acquisition through to refinance of the completed stock.
Who We Are
Global Capital Commercial is the premier provider of property development finance in Australia, with access to over 250 lenders from major financial institutions, private non-bank lenders and our own HNW investors. Whether you are looking for financing to purchase land for development, or you require mezzanine facilities to cover the equity shortfall during the construction phase, our financial experts can help structure the perfect property development finance facility to meet your needs. We work with all developers, regardless of the nature of the project or the developer’s prior construction experience.
Why partner with GCC?
GCC offers clients a full range of expert services and the benefit of a nationwide financing and building network. When you select GCC as your property development finance partner you get:
- One on one customer care from our world class financial experts
- Specialised property development finance facilities, structured in a way that suits the specific requirements of your project
- The most extensive network of lenders means more choice and better results
- A multitude of property development finance options to choose from as well as a variety of unique value-add services
- A dedicated team of financial professionals who are industry experts in the field of property development finance.
- Rapid processing times, allowing you to start work on your development project according to your schedule
While we offer developers a number of options the 2 main categories of property development finance are as follows:
- Full Doc Property Development Finance: This type of facility is offered by banks and is undoubtedly the most widely available today. It forms the cheapest option in terms of interest rates and allows for a maximum loan of up to 80% against total development costs (TDC) and also limited to 70% against the project’s projected end value or GRV (gross realizable value). The developer will need to provide full financials and also provide adequate pre-sales (or pre-leases) before construction can commence.
- Low Doc Property Development Finance: This type of facility is only offered by private lenders and is significantly less stringent than the full doc option as they do not require pre-sales or financials from the borrower. The maximum loan amount is typically set at a maximum of 70% of the project’s GRV. It can also help finance owner builders and refinance incomplete project.
GCC offers a wide number of financing structures and facilities to help you fullfil your property development finance needs, including
- Land bank facilities
- Mezzanine Debt
- Equity / Joint Venture partners
- Take-out facilities
The caring and dedicated financial professionals at Global Commercial Capital understand the complexities and demands involved in property development finance and are committed to helping you find the financing you need to complete your project successfully.
Call us today on 1300 353 926 to discuss your specific project needs.
ABOUT
Property Development Finance is brought to you by the property development finance experts at Global Capital Commercial.