Obtaining property development finance and construction finance? It's always been the rule of thumb with the Banks for every $10 spent on development finance or construction finance that if your project qualifies and experience is proven they would put in $6 whilst you need the other $4.
The rules are changing in some sectors of the property development finance market. As the wider exposure to property and where the pandemic and low interest rate environment means that the pull back and limited appetite is starting with some APRA institutions. (Full Banking License)
Property Development Finance expertise from $3M-$100M, 70-100% of total development costs. Settled in as quick as 4 days. Conditional letter of offer in as little as 2 hours. Read case studies of past success stories where banks said no, but clients were able to fund their projects. We look at the fundamentals and feasibility of each project differently based on the three tiers of available financing options.
Acumen has a highly tuned Fintech back end that means we can settle and produce transaction documentation very quickly. Most of our underwriters can settle with PEXA.
We do the work that a bank officer would for a bank credit committee - in our office. We expend significant time and effort in the front end to make sure your development finance is feasible and fundable. We then promote the opportunity in the best commercial light for acceptance by our underwriters. The commercial aspects are carefully considered for each file. We write our own comprehensive credit paper that gives the lender the appropriate confidence that we have carefully considered all aspects to the transaction. Depending on the gearing ratios, experience and capacity of the borrower and experience of the builder are all factors.
We can assist from raw land or englobo land through to selldown.
Conditional letter of offer in as little as 24 hours. Fast turn around times for valuers, quantity surveyor's and In some cases we can settle literally the same day if its an urgent development finance deal.
Check our studies of past success stories where banks said no, but clients were able to fund their projects.
We offer the following commercial loan benefits: