DEVELOPMENT FINANCE
A funding plan that follows the project.
Bring together acquisition, construction costs, contingencies, presales and the exit strategy.
YOUR QUESTIONS, ANSWERED EARLY
The questions worth asking first.
Are presales always required?
Requirements vary with the project, market, borrower strength and lender. Some facilities rely on presales, while others may use different risk controls.
How is interest handled during construction?
The facility may include an interest allowance or require interest to be serviced. The structure needs to be confirmed for the specific proposal.
Why is contingency important?
Unexpected cost and timing changes are common project risks. Lenders typically expect a credible contingency rather than a cost plan with no buffer.
Does the lender focus on cost, end value or both?
Lenders commonly assess more than one measure, including total development cost, proposed debt, valuation and projected end value. The lower constraint may determine the required equity.
How do drawdowns and project delays affect the facility?
Construction funding is usually released against agreed progress and evidence. Delays or cost overruns can affect interest, contingency and facility expiry, so reporting and buffer planning matter.
YOUR DECISION, CLEARLY FRAMED
What matters before the application.
Development finance is assessed as a complete project. Site control, approvals, cost plan, end values, builder capability, equity, presales and exit timing need to work together.
WORKING WITH JIMMY
What the first conversation is like.
Can I talk before I am ready to apply?
Yes. You can start with questions, an early borrowing conversation or incomplete documents. The first step is to understand where you are now and what would make the next decision clearer.
Will my details be sent to a lender straight away?
No application is lodged without your agreement. Jimmy first reviews the situation, identifies missing information and explains the proposed pathway before you decide whether to proceed.
Will I deal directly with Jimmy?
Yes. You speak directly with Jimmy about the lending strategy, application questions and progress rather than being passed between a sales team and a call centre.
What will the service cost?
Any fee payable by you and any lender-paid commission arrangements will be explained before you proceed. Fees can differ for residential, commercial, business, development and specialist work, so the applicable terms need to be confirmed for your matter.
How long will it take?
Timing depends on the lender, valuation, document quality and complexity of the transaction. Once the pathway is clearer, Jimmy can explain the current requirements, likely sequence and any deadline risk that needs attention.
HOW JIMMY CAN HELP
A practical path from question to next step.
Review the feasibility and identify gaps before approaching lenders.
Package the site, approvals, cost plan, experience and exit strategy clearly.
Compare indicative leverage, presale and equity requirements.
Coordinate valuation, quantity-surveyor reporting and staged drawdowns.
WHAT TO PREPARE
A useful first conversation starts with a few facts.
- Development feasibility and cost plan
- Planning status, drawings and project program
- Builder details and professional team
- Equity contribution, presales and exit strategy
Please do not send identity or financial documents through the website enquiry form.
WHAT HAPPENS NEXT
One clear step at a time.
Test the feasibility
Review costs, contingency, timing, end value and margin assumptions.
Package the project
Present the approvals, team, contribution, experience and proposed facility.
Control the drawdowns
Track lender conditions, progress claims and reporting through construction.
CLEAR EXPECTATIONS
Useful guidance without overpromising the outcome.
Development finance involves construction, market and delivery risk. Feasibility assumptions and lender conditions need professional review.
START WITH YOUR POSITION
Bring the facts.
Leave with a clearer next step.
Or call Jimmy on 0411 337 262