Construction Loans
When your project stops, we get it going again.
What is a Construction Loan?
In financing a business, construction loans can be particularly hard to arrange for yourself, especially if you’re having trouble with traditional lending and banks. Considering the nature of these loans, many traditional lenders are put off by the potential risks that they would accept, especially during the post-COVID-19 climate.
If a construction loan is what you need, tell us the details and we’ll find you the best path forward. With over 200 recognised private lenders all around Australia, we can guarantee a competitive deal, whether you plan to build from the ground up, renovate, or simply get a construction top-up.
Australia’s Construction Finance Specialist
Construction with Rebuild Financial
At Rebuild Financial, we’ll provide you the finance you need to fund a building or developmental project. The first major step in doing this would be to identify the cost of construction. It would be disastrous to find out too late that the loan amount may still not be enough to cover the full cost of your project. Setting this straight early is key in ensuring a smooth building process. The cost of construction consists of both soft and hard costs.
Soft costs include architectural plans and council permits, for example, while hard costs involve labour and materials. Taking all this into consideration - with some additional funds in case of contingency - is instrumental in calculating your ideal construction loan amount. Two ratios should take precedence over all else in your calculations: the loan to cost ratio, and the loan to value ratio.
We can handle the rest
Now that we have that out of the way, you should be ready to get started on construction financing. If there are any other issues, simply let us know and we'll do all the sorting out for you. There are lots of options to choose from, and with a higher flexibility than in traditional lending, Rebuild Financial can see to it that you get exactly what you need - not too much, and certainly not too little.
The best terms to aim for when taking a construction loan
For best results, provide as much deposit and as much lender security as you are able. This will do well in scoring a better loan. First mortgages are highly preferred among the majority of lenders, although at Rebuild Financial, our lenders are flexible and have empathy for tricky situations. On occasion, clients may require a second mortgage, or mezzanine funding. With your unique situation in mind, we will compare from a network of 200+ approved lenders across Australia to find you a competitive deal that well suits your individual needs.
Why choose Rebuild Financial?
Considering taking a construction loan? Let Rebuild Financial satisfy all your needs.
Tailored to your Situation
Choose from a variety of possible financial solutions tailored to suit your individual needs. Even within construction lending, we offer many further options. Our lenders are experienced in construction, and are building throughout Australia daily. They have empathy for borrowers - whether trusts, companies, or individuals - and carry a good understanding of the major forms of construction.
Quick & Simple Process
If you’re sick of waiting for an approval from the bank, our private lenders can offer solutions within days. The majority of development, construction, and construction top-up loans do not require financials or bank statements; they are standalone, with interests and costs deducted from your loan. This means that your applications can be processed considerably quicker than with traditional lending.
Leave it to Us
The lending manager you will be speaking with will have a deeper understanding of construction, what is able to be done, and what we are prepared to fund. Use this to your advantage and cut through all the fluff. If there's anything you're concerned about, tell us about it and we'll sort it out for you. At Rebuild Financial, we make all the arrangements with your best interests considered.
Our Record
Licensed lenders across Australia
Years of experience in non-bank lending
Client-centric customer service
Save on Loan Repayments
Rebuild Financial offers the option of progressive drawdowns when you take a loan with us. An efficient way to manage loan repayments is to opt for progressive drawdowns, which are gradual releases of your funds, as and when you require. Chances are slim that your full construction loan amount will be required upfront, meaning that a contract that allows the drawing funds as you go will be easier for you to manage. This can be a great help in minimising interest costs, especially during the project’s earlier stages.
What you can use your construction loan for
We can arrange loans with almost any construction project in mind. Anything from small business to multiplexes. This includes the following and more:
Let us make a difference in your projects
Are you an owner/builder?
Need funds to complete your projects?
Fill in the quick form and one of our lending managers will get back to you within a single day.
Australian Private Construction Loans Experts