Lvl 29 Chifley Tower, 2 Chifley Square, Sydney NSW 2000
Main Email:
cl@acumenfinance.com.au
Drop us a line anytime!
cl@acumenfinance.com.au
Drop us a line anytime!
+61 (0) 2 9238 4218
Monday-Friday, 8am - 5pm
Monday-Friday, 8am - 5pm
Simply complete the input boxes then click on calculate to view instant results. You can then go back and edit the initial information that you provided to compare different options and how they affect the profitability of the project.
Start by filling in the boxes to provide the quoting system with the following information:
Total Net Loan Amount Required - This is the total amount that you require to be released from the facility and includes the day one release to help with purchasing the site, plus all subsequent releases. Do not add in anything for interest charges, the calculator will do that.
Loan Term Required - In months, please enter the loan term required.
Land Cost or Residual Value - If the development site is being purchased please enter the purchase price. If it is already owned then please enter the residual value. That way you can determine if it is more profitable to develop the site yourself or simply sell it.
Stamp Duty - Please enter the amount of stamp duty that needs to be paid or taken into consideration. If you need to calculate the stamp duty then please click on the link to our stamp duty calculator.
Amount Available From Customer - How much cash do you intend to put into the development?
Total Build Cost - This box requires the total cost of the build and should include a total of all the project costs other than the cost of the land, stamp duty and finance costs. If you wish to break this down there is another section (other costs) where you can itemise different costs.
GRV Amount - What is the expected Gross Development Value once completed, or if planning to sell before completion, what is the value at the point of intended sale.
Initial Release (Prime Funding) - The development finance facility starts with the initial release. What funds are required for the initial loan release?
Interest calculated per annum or per month - By default this is set to per annum, but can be changed to monthly.
Interest Rate - By default set to 7% to provide interest calculations based on 7% per annum. This can be changed to the required interest rate or to provide comparisons.
Releases (when and how much) - Use this section to enter how much and when funds will be required. Interest is only charged on funds that have been released. Experiment by making changes to this section to see how changing the amounts and timings of releases affect the interest charges and profitability of the project.
The development finance quotation calculator will calculate the fees associated with development finance. This depends on the lender and if the Finance is from Tier 1, 2 or 3.
The main fees to consider are the facility fee, which is normally a percentage of the loan facility, and the exit fee, which, if charged, is either a percentage of the gross loan facility or the Gross Realisation Value (GRV).
Other standard fees are Valuation, Legal and Quantity Surveyor fees. These again vary from one lender to the next, so our calculator provides an estimate of these.
Facility Fee - This is set at 1% by default, but can be changed so that you can compare options.
Exit Fee - By default this is set at 1% of the gross loan facility by default, but can be changed to any percentage of the gross loan facility or the GRV. Please experiment to see how the different options compare, as can be quite significant!
Exit Fee - By default this is set at 1% of the gross loan facility by default, but can be changed to any percentage of the gross loan facility or the GRV. Please experiment to see how the different options compare, as can be quite significant!
To determine the development profit and return on investment, take into consideration all associated hard and soft costs. Populate here any other known associated costs are not included in the 'Total Build Cost' numbers.
Also take into consideration if the Margin or other Tax Scheme Applies.
Once data is populated the development finance quotation calculator will display the Indicative information:
Monthly Interest Charges - the number of interest bearing months will be displayed as a total of the gross mortgage loan amount at the end of each month. Take into consideration the Mortgage Establishment facility fee, loan releases for the amounts and months selected, and interest charges.
Net Loan Amount - Net Mortgage Facility amount requested which includes the First Draw down and subsequent progress payments inline with the Quantity Surveyer
The Facility Fee
Interest Charges - Total Interest charged over the Mortgage Loan Term
Gross Loan Amount - Total of Net Loan Amount + Facility Fee + Interest Charges
Exit Fee
Loan Amount - Gross Loan Amount + Exit Fee
Valuation Costs - Estimated
Quantity Surveyer Costs - Estimated
Lender Legal and Documentation Costs - Estimated
Other Misc Costs - Total of other costs from information provided
Development mortgage finance facility calculator also provides other useful information to understand the profitability of the property development project, both with and without the cost of finance being included.
We are specialist Development financiers who leverage the best of breed lenders. Interest actual rates and fee structure vary depending on the type of development, location, The amount of equity from the borrowers, Overall development experience and Track Record.
From 5% Per Annum
1% Facility Fee
From 5% Per Annum
From 6% Per Annum
1% Facility Fee
No Exit Fee
(If LVR no more than 70% GRV) 100 % Of Total Development Costs
From 9% Per Annum
1% Facility Fee
1% Exit Fee
