Yorkfinance

Property development finance - We are Brokers with a wealth of experience raising finance for Property Development, including residential building, commercial building, and specialised.

How much can I Borrow? 

• Multi-residential development: Borrow up to 75% of the total development costs (TDC), or up to 65% of the on completion, or gross realised value (GRV) excluding GST.

• Commercial Property development: Borrow up to 60% of the total development costs (TDC), or up to 55% of the gross realised value (GRV) excluding GST.

• Max Facility Limit: Up to $100 million.

• Max term: Up to 36 months

• Repayment Source: Interest can be capitalised

• Interest/Fees: Case by case, broadly 0.30-0.50% Establishment Fee and All In rate 5.50%-7.50% pa.

• Pre-Sales: Under $2M lending, case by case. Over $2M, 50-120% of debt cover.

• Residual Stock Lending: Case by case, depends on location and sponsor.

Different banks have different interest rate structures.  Some will charge a Line Fee, others charge an All In rate. More Info>> https://yorkfinance.com.au/services/property-development-finance/

Our Contact:

Phone: 1300 931 892

Location: Suite 7, 43-45 Burns Bay Road, Lane Cove, NSW 2066