PROPERTY DEVELOPMENT FINANCE
Property development finance is for residential, commercial and industrial property (i.e. construction projects) and is usually advanced as a loan towards land purchase and as a loan in stage payments for development costs.
Who is Eligible for Property Development Finance?
Property development finance is only suitable for professional builders and developers. As development finance is a very specialised form of lending, you will need a specialist property finance broker who can negotiate the finance on your behalf.
What Information Will I Need To Provide?
Lenders will look at a number of areas when they are considering finance for a development project. Our expert property finance brokers will need to present a full proposal to the lender and they will require information from you, such as:
- Your business plan, which should list your background, professional qualifications and your trade/project management experience
- Your experience as a property developer
- The location of your proposed development
- Development type (Residential or Commercial)
- The profit potential of the development
- Your financial statement of accounts/personal assets and liabilities to determine your development cash flow
- The amount of equity that you bring to the development project
- Copy of the planning consent and drawings for the scheme
- Comparable evidence for the resales
- A suitable exit strategy
How Quickly Will It Take To Get An In Principle Decision?
Once our property finance brokers have received all the above required information, they will advise you whether it is possible to arrange the required finance for the proposed development and how long it should take to obtain an In Principle decision. The final decision will, however, rest with the lender.
Why Choose Singh Finance?
It is always advisable to start the finance application process with Singh Finance as soon as possible because:
- We will help you to prepare a business plan, which will set out your development finance requirements in exactly the way that lenders and financiers wish to see
- We know what the standard requirements for development finance loans are
- We can accommodate a much faster credit decision for you, provided that we receive from you all the required documents as soon as possible (e.g. your professional qualifications; trade qualifications/certificates and your previous building/development experience)
- Our team of expert property finance brokers have successfully helped a number of clients with development finance
- We know the numerous lenders' credit policies and procedures, as we deal with them on a regular daily basis
While you concentrate on getting your development property, our team of professionally qualified property finance brokers will:
- Look at your overall financial position, and they will establish a budget for you
- Eliminate the stress and time it takes in running around trying to find your own finance package
Our finance brokers will also provide you with an In Principal decision so that you will have the peace of mind knowing that:
- Your request for property development finance has already been assessed by an accredited finance broker
- Your finance is already pre-approved, and you will also know the conditions of your pre-approval
- You have the upper hand when negotiating the sale price with the vendor, real estate agents, etc
Customized Property Development Finance Solution
Our team of professionally qualified property finance experts, who pride themselves on their ability to structure and implement a customized development finance and insurance package, that meets your needs regardless of the size or complexity of the project. They will also:
- Help get you the best deal you want in the quickest possible time and without the hassle of running around trying to find your own finance
- Liaise with the lenders to give you the perfect development finance solutio
- Offer you the highest level of customer service
- Build a strong relationship with you
- Go out of their way to develop a long-term customer loyalty with you
Contact Singh Finance Today
For an obligation free assessment and to arrange a pre-approval for property development finance, please contact us on 0424 190 908 or "enquire online now". One of our professionally qualified and expert finance brokers will contact you, to make an appointment to see you at a time and place convenient to you.
Singh Finance Pty Ltd
P.O Box 4042
Parramatta NSW 2124
Ph: 0424 190 908
Fax No. 02 9608-6279
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