COMMERCIAL DEVELOPMENT & CONSTRUCTION LOANS
SHORT TERM DEVELOPMENT & HOME CONSTRUCTION FINANCE
Kim and the team at Non Bank have many clients who are involved with spec builds, owner builds, short term residential do-ups and on-sells, subdividing larger lots into smaller titles, or looking to secure land for future projects.
Another niche in which we have developed a significant client base, with ongoing referrals, is the repair of earthquake damaged homes and to a lesser degree, non CCC, leaky buildings and homes contaminated with meth. Some clients specialise in this as a business, others retain them as long term rentals and for some, it is their way into buying their first home. Typically, finance is of a short-term nature, with a Non Bank lender requiring a 35% to 40% deposit if on a stand alone basis or additional collateral security. This allows time for the works to be completed and signed off, and then the properties are sold, or we assist with refinancing them with a long term lender, either as rental investments or owner occupied homes, this would often be with a Bank or second tier lender.
Our Financial Advisers are happy to assist you with enquiries ranging from subdividing your back lawn, either to sell or build a new home for you or as a rental, helping with a short term do-up or remedial works, through to subdividing larger sites into smaller lots for home and land packages.
Give us a call as our team of specialist mortgage brokers are experts at finding solutions when others just try to make it difficult.