The Commercial Constructor product is designed for property developers seeking a competitive and flexible construction loan that does not come with the high hurdles imposed by banks.
Companies or trusts with a company trustee that are obtaining the loan for construction purposes.
It depends. Construction loans can be complex which means each transaction should be assessed on its’ own merits taking into consideration the complexity of the project; market depth and risk; the strength and experience of the builder and Sponsors.
Generally we will capitalise fees and interest into the loan limit
Absolutely. There are no restrictions on cashout amounts on any of our products. We can consider cashing out up to 50% of the land value at settlement if required.