Back to products
Development & Subdivision – No Presale
No-presale lending for development and subdivision projects.
Download Product SheetAt a glance
- Loan Size
- $500K – $20M
- Loan Term
- 12 – 24 months
- LVR
- Up to 70% of GRV ex GST
- Rates
- From 9.00%
Who It's For
- Non-code business loans only
- No individual investors
- Registered first mortgage lending only
Purpose
- Land subdivision
- Development
- Construction
Key Documents
- Newlend application
- Rates notice / COS
- 100 point ID
- Valuation & QS
- DA / permit approval
- Council approved plans
- Feasibility report
- Developer CV
- Builder's CV
- Signed exit strategy
- Proof of income, case by case
Fees & Exit
- Establishment fee from 1.50% + GST to 2.50% + GST
- Commitment fee quoted on application
- Valuation and legal fees quoted individually
- Exit strategy required and assessed case by case
- Defaults considered case by case
Let’s talk about your scenario
Tell us about your scenario and we’ll come back to you with a straight answer on how we can serve you.
Talk to us