Finished your property development project…
Need to take out the construction facility against the residual stock?

Take out Finance, as the name implies, allows for the funding of completed but unsold development stock for up to 12 months to allow the Developer time to sell the stock.

It is particularly usefull if the developer used private lenders or mezzanine finance and wants to refinance the debt.

Take out facilities are used for the following situations:

  • More time to sell stock
  • Higher LVR to allow for recapitilisation to start another project
  • Higher LVR to allow for prepaid interest for the term
  • Cheaper rate
  • Existing lender wants out

Contact us to discuss how we can help release the equity that you have locked in your residual stock.

Are you looking at buying a property or refinance an existing loan? Do you need construction finance for a property development? For a confidential chat call:

1300 011 211

Request a call back

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