Construction and development
Construction and development finance
Building is a schedule as much as a budget. Finance that does not match the schedule becomes the problem on site.
Who this is for
Owners building or substantially renovating a home, and small-scale developers running one or several sites.
What usually goes wrong
Construction lending draws down in stages against valuations, so the finance and the build program have to stay in step. When they drift, the trades stop and the cost of stopping is not in anybody’s budget.
What to bring to the first conversation
- The fixed price building contract and plans, if you have them
- The site details and what you paid or expect to pay
- Your builder’s details
- Your own contribution and its source
None of it is required to start. It just makes the first conversation more useful.
How we run it
Four steps, in this order.
Match the facility to the program
Drawdowns aligned with the actual build stages, not a generic template.
Get the valuation basis right early
On-completion valuations drive what is available. Establishing that basis at the start prevents a shortfall at stage three.
Contingency treated as normal
Because it is. A facility with no room in it is a facility that will need renegotiating.
Exit planned at the start
What the loan becomes once the build is finished, agreed before it starts.
Commercial and business
Funding the premises, the acquisition or the working capital, without putting the family home in the middle of it by default.
NextHome loans
For the purchase you intend to keep. Structured so the pre-approval holds when you bid, and so the loan still suits you in five years.
Talk to somebody about construction and development.
One conversation, no documents needed to start, and nothing leaves this office.