Construction and development loans
We can help you navigate the complexities of development loans
Securing finance for a construction project might seem overwhelming. Whether you’re building a home or a development project, we can help you navigate the intricacies of construction and development loans and access to lenders offering competitive rates and terms.
Construction loans are more complex than traditional loans as it is important to manage the flow of funds to correspond with the stages of construction. You need a specialist broker that understands the fundamental differences between traditional loans and construction loans with staggered disbursements, varied interest calculations, and other specific requirements.
Howard Ghedia and What Loan are based in Norwest Business Park and have an in-depth knowledge of the Sydney’s Hills District and decades of experience servicing the Castle Hill, Baulkham Hills, Kellyville, Windsor, Parramatta, and surrounding suburbs.
No matter the size of the project, securing construction and development finance is integral to any successful development. We can structure development loans for residential property developments such as townhouses, duplexes, multi-unit developments, and commercial property developments including office, industrial, retail and hospitality projects.
What we do
- Assess your borrowing capacity
- Assess the feasibility of your project
- Streamline the loan process
- Manage the flow of funds through the stages of construction
- Maintain communication through the life of your project
- Find the lender offering the most suitable rates and terms
Development loans
Development financing is specifically geared towards the construction of commercial and residential projects like apartment buildings, housing developments, retail and office buildings, and all types of commercial business.
Howard Ghedia and his network have expertise in facilitating and structuring development financing. Development loans can be structured in many different ways, and it is important to establish a plan that will suit your situation and help you minimise your risk and maximise your returns.
Some development loans offer flexible repayment plans including interest only, interest and principal repayments, and interest capitalisation. With interest capitalisation, the interest is added to the total loan amount (ie principal) but instead of being paid back on an ongoing basis it is repaid from the proceeds of the development.
The process
The loan process begins with an initial consultation to discuss your situation and goals, followed by an assessment of your borrowing capacity and the potential construction and development costs. The next step is finding the right lender and product, then ensuring all the requirements are met for securing the loan. The broker relationship doesn’t end there. Howard Ghedia and his team will be with you along the construction and development journey, managing progress payments and loan disbursal.
We are familiar with the challenges of construction and development loans, and we are keen to share our knowledge.
Construction loans for home building and significant renovations
Construction loans have stipulations that vary from conventional home loans, and there are a range of loans on offer to match specific circumstances. Some loans can be used for land purchase and construction costs. Some require a fixed-price building contract and enforce rigid timeframes for completion.
A drawdown loan is a loan with staged disbursement of funds, instead of the entire loan amount being available upfront. Construction loans offer the flexibility of drawdowns in line with the stages of your project, ensuring funds are available as your project progresses but that you are only paying interest on the amount that you have used.
Construction loans can be complex, and it is important that you understand the specific terms and that they match your circumstances.
Why choose us?
Howard Ghedia is an experienced mortgage and finance broker with complementary knowledge and experience gained in over 25 years as an accountant, financial advisor, and tax specialist. With a wealth of experience and a strong professional network, Howard helps find the best financial products for his clients.
Why people choose Howard Ghedia Mortgage and Finance Broker trading as What Loan for construction and development loans
We understand construction and development finance
As well as being accredited mortgage and finance brokers, we are certified public accountants and tax agents with many years of experience
We have access to a wide range of lenders with some innovative products
We can manage complex loan deals involving residential developments
We can handle negotiations, paperwork, settlement and beyond
If you need finance quickly, we can help expedite the lending process
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We understand the challenges of development financing. So contact us to discuss your upcoming project.