Development Loans
Are you an experienced or first-time property developer? Has the bank said ‘no’ because you don’t have pre-sales or your financials are not current?
At IBN Direct we have the alternative funding options to get your loan approved and your development completed sooner without the added expense of pre-sales marketing.
- Development finance options are available for the construction of residential, commercial and industrial property developments, as well as mixed use development and land subdivisions.
- Up to 75% of gross realisation
- Up to 100% of construction costs covered
- Pre sales not always required
- Previous credit issues considered
- Predominantly East Coast
- Loan amounts $1 -$20 million (higher on application)
- Mezzanine funding available
Why IBN Direct is your solution…
- We understand the property development and the difficulties you have faced getting your loan approved.
- We have a close relationship with our panel of Funders allowing us to expedite your application. We know that delays in funding can have a knock-on effect and we work tirelessly to achieve the results you need.
- We will advise you in advance of all the costs and fees involved and our up-front fees are low.
- Our knowledgeable staff will keep you updated and assist you through every step of the loans progress.
Contact one of our experienced team today to discuss your project funding needs. We think outside the square to find development funding when the banks say ’no’
