Unit Development Loans
Sometimes, your land title is something that you want to share with others and build multiple units on. In other cases, you might like to subdivide because you don’t need all your current land. For us, the concept of building several residential homes, duplexes, townhouses/villas or high rise multi-unit developments on the one title of land are exciting.
The application process for a Development Loan is complex irrespective of if you’re thinking of a simple sub-division, residential or commercial development. At Mortgage Domayne, we can guide you through this complicated process. Our specialised brokers assist you to piece together a professional finance application that satisfies banks’ strict requirements.
Given our speciality, it’s important for us to assist you throughout the application process and the life of your loan. We specialise in meeting you wherever you are regarding your loan, especially if you are first-time developers.
We simplify things by assisting you to secure a competitive interest rate with flexible repayments including principal and interest loans, interest only loans or interest capitalised so you can pay the whole loan quickly. We are able to assist with ensuring that your finances are on track through looking at pre-construction costs, project feasibility and marketability and structured progress documentation.
If you’re thinking of a loan for unit development?
Call us so we can get started to remove the potential stress and complications.
We streamline the whole process as our award-winning brokers are dedicated to finding you the most suitable loan.