Our experienced team at BlueKite Capital can assist with your development finance proposal, ensuring you get the right loan for your project.
Development finance is an area of confusion for many Australian borrowers. If you’re looking for funding to finance the cost of a property development, do you need a residential investment loan or will you need to move into the commercial lending sphere? How much money can you borrow and what sort of documentation will you need to provide in order to get your loan application approved?
One of the key issues to contend with when obtaining a loan for a property development is whether or not you will need a residential or commercial loan. However, whether the funding is arranged as commercial or residential lending depends on the number of properties being built. If your property development project is for any more than three or four units, it will fall into the commercial lending category.