Construction Loans for Property Developers

Key terms

Facility size	$5M–$100M
Leverage	Up to 75% of TDC for experienced sponsors with sound feasibility and a credible exit
Presales	None to low presales considered for qualifying projects
Security	First registered mortgage over the site, with guarantees as required
Drawdowns	Progressive, against quantity surveyor (QS) certified progress claims
Interest	Can be provided for through an interest reserve within the facility, subject to feasibility
Borrower	Established company borrowing for business or investment purposes

Pricing, fees and final leverage are set deal by deal after assessment.

When a private construction loan fits

• Your bank has declined the project or will not lend at the leverage you need
• Presales are not yet at the level a bank requires
• You need to move from a land loan into construction quickly
• A stalled project needs a new senior lender to reach completion
• The project is a townhouse, apartment, mixed-use, commercial or industrial development from $5M upward

What we assess

We lend on the project and the people delivering it, not on a credit score alone. Our assessment covers:

• Feasibility: gross realisation value (GRV), TDC, margin on cost and contingency
• Builder: the construction contract, the builder's capacity and financial standing
• Sponsor: the developer's track record and equity in the deal
• Planning: development approval and any outstanding conditions
• Exit: sales evidence for the product, or a credible refinance of residual stock

What to send for indicative terms

• Property address and a short project or asset description
• Total development cost or purchase price, and current valuation if held
• Loan amount requested and the position in the capital stack
• Planning status (for example DA approved) and builder, if construction
• The exit: sales, refinance or settlement, with supporting evidence
• Borrower entity and a short summary of the sponsor's track record

Construction lending is assessed alongside current market conditions. Our October 2026 market update covers rates, prices and lender appetite.

Frequently asked questions