Prudential Finance is Sydney based and services all areas of Australia. Prudential Finance has been procuring development finance for property developer clients for 15 years here in Australia.
Call 1300 550 669 now to discuss your development finance needs.
Development finance from Banks is keenly priced at sub 6% for property developers with experience and good equity in projects. Loan to cost ratios are around 70%. Banks have significantly pulled back lending due to heavier regulation and capital adequacy requirements, although we are finding Bank development finance approvals are still occurring for high quality projects matched with experienced developers.
Mortgage Fund and Private Funds start at 8% p.a. and loan to value ratios are up to 70%.
Developers forced out of the Banking system due to harsher loan criteria are still getting their projects funded by mortgage funds and private lenders.
No Presales Construction Finance is available from 8% p.a.
The property boom is over and the slide in property prices has bottomed and we are now entering a stable real estate market in Australia which is an ideal time for property developers to capitalise on the very low interest rates. Finance commentators expect interest rates to drop again in the future.
Mezzanine finance is readily available for financially viable real estate projects. Interest rates start from 15% p.a. to 20% p.a.
Joint Ventures are available for projects located in capital cities or fringe areas (not regional). Terms are by negotiation.
Prudential Finance is always happy to discuss upcoming projects with investors who would like to achieve a higher interest rate than currently available from Banks or other institutions. Invest directly into property development projects for returns of 7% p.a. to 20% p.a.
See some of the projects financed by Prudential Finance https://youtu.be/rlLQFonmO6c
Call Prudential Finance 1300 550 669