Commercial Construction Loans
We can help our clients arrange new construction loans from as little as $150,000. This could be for the first-time commercial property builder to the more sophisticated larger scale commercial construction loan of $10,000,000 plus.
A commercial construction loan facility is typically a type of commercial property finance that can be provided in a number of different forms. It is important to match a construction loan with the cash life cycle of the construction project.
Our team have many years' experience in putting the pieces together to make everything fit in the right order. Having the right strategy here will minimise the amount of equity required and will help you maximise your project's ROI.
So many options to choose from.
Construction Loans Against the Value on Completion
This type of construction loan allows funding to be applied against expected value of the project upon completion. In some circumstances we can structure this to be up to 100% of the projects' hard costs to be financed.
Mezzanine Construction Loans
Mezzanine finance can be a great solution either in conjunction with commercial property finance or as a second mortgage. Mezzanine funding reduces the equity requirement of the project freeing up cash for other projects or minimizing the amount of upfront cash required to fund the project.
Construction Loans Against Cost
Commonly known as a traditional commercial construction loan where lenders will advance a certain percentage of the construction cost.
Normal construction loans will fund 80% of the hard costs of construction, however Fox Finance Group has access to lenders who recognise the other soft costs associated with the construction and can extend against this total construction cost.
We realise that each lender will have varying degrees of flexibility and appetite for each different project that is put to them. We have over 40 lenders on our lending panel, and they range from private lenders to the major Australian Domestic Banks.
It's our job to help keep the banks competitive and accordingly, we work hard to find the right commercial property finance solution at the best possible price for all different types of commercial property or construction loans.