View product matrix below then click on apply if you wish to qualify for this loan and receive a detailed assessment and full cost proposal.

Low Doc Loans for Development Funding
If you are self employed and you do not have up to date company or personal tax returns then a low doc  loan may be the right solution for your lending needs if you are developing a property.

  • Borrow up to 65% of GRV less GST to 80% of the Total Development Costs (TDC) – Whichever is lesser
  • Stretched Senior Facilities to 75% of GRV & 90% of TDC with pre-sales.
  • Funding is also available for incomplete or partially complete projects and land subdivision.
  • Construction of Residential or Commercial Property
  • Companies and trusts only.

Most development funding applications are assessed according to the standard process and many of the same documents are required, along with a fully completed documentation which includes:

  • Overview of the project with key metrics summarised
  • Valuation Report and Quantity Surveyor Report if available
  • Copy of the contract of sale (if acquisition).
  • Details (lender and outstanding balance) of any mortgages currently on the property.
  • Feasibility study for the project.
  • Copy of the Development Approval and Building Approval (Construction Certificate)
  • Confirmation of Pre Sales contracts if available
  • Copy of  fixed Price Building Contract  or Confirmation of construction / development costs
  • Details of the proposed builder and a resume of their building experiences
  • Resume of the borrowers development / building experiences
Loan purpose Construction of Residential  or Commercial Property
Loan term 6 months > 2 years.
Interest type Interest only during construction period
Repayment type Interest will be capitalised during construction period within the maximum LVR’s
Residual stock options Yes
Take-out options Yes
Maximum Loan to 65% of GRV in high population areas (Capital Cities and Major Regional Towns Only)

Stretched Senior Facilities to 75% of GRV & 90% of TDC with pre-sales.

Credit history Past credit impairment can be considered if over 2 years at higher rates and fees
Minimum loan size $2,000,000 (see construction loan page for smaller loans)
Maximum loan sizes $250,000,000
Acceptable Applicants Companies and Trusts
Contingency Cost to Complete basis that includes a 5% contingency. This will be advanced progressively following ongoing Valuer / Quantity Surveyor inspections.
Pre-Sales with or without presales
Current Mortgage Arrears in last 6 months NO
Land Component maximum LVR Up to a maximum of 65% of the project related site value. 100% of the development costs are retained on a cost to complete basis

*Interest Rates: All rates are subject to change without notice. Please check all rates and terms before applying.
Low Doc loans are designed for the self-employed or small company borrower/s whose financial statements may not be available. Reasons for this may encompass: Their accountant hasn’t completed and lodged their financials.