Development Lending
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- Development Lending
About Development Lending
- Max LVR: 70% Net GST of GRV
- Max Loan Amount: $30,000,000
- Rate: from 7.5% P.A.
- Accept Primarily Security
- Fast Turn Around
- No Pre-Sales required
Loan Period and Rate
6 - 24 Months
- Interest rate from 7.5% P.A.
- Comparison rate from 13.56% P.A.
- Line fee from 0.125% per month
Contact our BDMs for the latest rates
Product Summary
Loan Amount | $200,000 – $30,000,000 |
Maximum LVR | 70%, Net GST of GRV (Gross realised value) |
Loan Term | From 6 months to 24 months |
Borrower Type | Company |
Loan Purpose | Small to major development Please speak with one of our BDMs for details. |
Acceptable Securities | Residential properties |
Location | Brisbane, Sydney, Melbourne, Adelaide, Perth & Gold Coast. All other locations are considered on individual merit. |
Interest Payments | Under 6 months interest paid advance Over 6 months interest paid monthly advance Or capitalised |
Establishment Fee | 2.8% of loan amount (min. $5,000) |
*Please contact one of our BDMs for more information on our Short-Term Lending products. Alternatively contact us via email or submit an enquiry online.
Loan Calculator
Genworth Calculator
Recommended serviceability pass rate NDI 1.1:1
We take 80% of existing rental income into servicing for investment property.
* The comparison rate is based on a secured loan of $150,000 and a term of 24 months.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.