Construction Loans

Funding Your Vision From the Ground Up

Building a home is a unique journey, and it requires a specialized type of financing. Unlike a standard home loan, a construction loan is structured to release funds in stages as your build progresses. We have hands-on experience with development and renovation and can help you navigate the complexities of construction finance.

Navigating Construction Finance

We provide expert guidance on the specific requirements of construction loans, including:

• Understanding the Process: We'll explain how progressive drawdowns work and what's required at each stage, from the slab down to the final fixtures.
• Managing Progress Payments: We liaise with your builder and the lender to ensure payments are made on time, keeping your project on track.
• Fixed vs. Variable Rates: We help you decide on the right interest rate structure for the construction period and beyond.
• Budget & Contingency Planning: Our real-world experience helps you budget effectively and plan for contingencies, avoiding costly surprises.

The Construction Loan Process

1. 1
   Plan & Budget Review: We review your building contracts, plans, and budget to ensure everything is in order for a successful loan application.
2. 2
   Loan Structuring & Approval: We find a lender who understands construction finance and secure an approval tailored to your project.
3. 3
   Staged Payments: As your builder completes each stage, we manage the drawdown requests to pay their invoices promptly.
4. 4
   Final Handover: Once your home is complete, we manage the final payment and, if necessary, the transition to a standard home loan.