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Melbourne Property Development Loan Broker

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Let our property development loan broker or financial advisors help you through this process.

At Credit Hub, we understand that undertaking a property development and construction project is a big financial commitment. That’s why we can assist you in finding the most suitable development loan to help you get the funding you need to make your vision a reality.

Property Development Finance

Our development loans and construction finance can be used for a wide range of purposes, including:

  • Purchasing land
  • Constructing new buildings or redeveloping existing ones
  • Refurbishing or repairing properties
  • Converting properties into multiple dwellings

Let us take the hassle out of the financing process when it comes to obtaining development finance. Your business capital will be efficiently structured by us, allowing you to concentrate on your development. To find out more about financing for land developers, contact us right away.

What is a Property Development Loan?

A property development loan is a short-term loan used to finance the costs associated with the development of a real estate project, such as construction, renovation, or land acquisition. It is not used for the purchase of a finished property.

Development loans are typically interest-only loans, with repayments made during the construction period. Once the project is completed and the property is sold, the loan is repaid in full. These types of loans are usually only available to experienced developers with a proven track record. However, if you’re a developer just getting started, we can still help you with the financing you need.

If you want to learn more about property development loans, we’ve prepared a detailed guide.

Development Loans We Can Help You With

At Credit Hub, we understand that every development project is different. That’s why we can help source a range of development loans, including:
Commercial Property Development

For developments that will be used for commercial purposes, such as office buildings, retail space, or warehouses.

Residential Development

For developments that will contain one or more residential units, such as apartments, townhouses, or single-family homes.

Mixed-use Property Development

For developments that will contain a mix of commercial and residential units. 

Land Development
For the purchase of vacant land or the development of raw land.

Our Process

We’re extremely dedicated in providing our customers with the highest level of service. We ensure that you understand every step of the process and our financial advisors will speak to you jargon-free.
  • We’ll schedule a meeting with you to assess your finance, requirements and what you’re planning to do with the development loan.
  • We’ll review the contract and set the next best steps
  • We’ll do the legwork of finding you the most appropriate property development loan

Why Choose Credit Hub for Your Development Loan in Melbourne?

At Credit Hub, we’re more than just loan brokers – we’re your development finance partner. We’ll work with you to understand your project and source the best loan products from our panel of over 100 lenders.

We have a team of highly-experienced development finance brokers who can guide you through the process with clarity and understanding. We’re with you every step of the way, from pre-approval to construction to settlement.

Get in touch with us today to learn more about our development finance solutions.

FAQ's

Usually, people buy the land under agriculture or green hedge zone that have prospects of developing into residential or commercial development in the future, so the actual price of the land would be very less, and profits can be significant. Once the land is developed a developer would earn millions on the settlement.
There are multiple unique features in development loans themselves. It is a separate process and does not resemble any residential or commercial transaction that broker does for their customer in the market. Land banking has many stipulations regarding loan-to-value ratio and there are not many lenders who will take the transaction on board. So, for every specific deal, there is a specific lender who you need to find to get the land settled and the loan term can vary from 1-10 years depending upon the purpose and development of that area.
A property development loan is typically interest-only, meaning that you only make payments on the interest during the construction period. Once the project is completed and the property is sold, the loan is repaid in full. A mortgage, on the other hand, is a long-term loan used to finance the purchase of a finished property.
The amount you can borrow will depend on the lender and the specific project you are undertaking. In general, you can expect to borrow up to 80% of the value of the property. Getting in touch with a financial expert from Credit Hub should give you an accurate answer as to how much you can borrow for your property development loan.
Interest rates for property development loans are typically higher than for standard mortgages, as they are considered to be a higher risk. The exact interest rate will depend on the lender and the specific project you are undertaking. By using our panel of over 100 providers, Credit Hub can help the loan with the most appropriate products.
Yes, you can get pre-qualified for a property development loan with Credit Hub. This will give you an idea of how much you can borrow and what interest rates will be available to you.
The time it takes to get a property development loan will vary depending on the lender and the complexity of your project. In most cases, you can expect to receive an approval within 2-3 weeks.
The fees associated with a property development loan will vary depending on the lender. In general, you can expect to pay an application fee, a valuation fee, and a loan origination fee. You may also be required to pay interest on the loan during the construction period.
The risks of a property development loan include the possibility that the project will not be completed on time or within budget, the property will not sell for the expected price, or the interest rates will increase during the construction period. There is also the risk that you will not be able to make the repayments on the loan and default. Credit Hub takes these risks into account when assessing loan applications but we’re also happy to help discuss your possible options to help you achieve your financial goals.

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