Construction loans carry risk...and with the overall economic outlook being uncertain, the stakes are too high to leave this to chance.
Construction Finance
We can assist clients who are completing straightforward residential projects like single dwellings and townhouses right through to factories and large-scale apartment developments.
Balcombe provides the following construction finance solutions:
- Land-bank and site acquisition finance
- Owner-builder
- Traditional construction finance for developments - construction contingency, project management, consultants costs and holding costs, interest capitalised during construction and the budget selldown period
- Construction finance which requires pre-sales flexibility, typically arranged via non-banks and private investors
- Take-out/recapitalisation of development residual stock to clear construction loans, release equity or provide an extended selling period.
Over 20 years experience in banking and property finance.
Recent Success Stories
Maroochydore, Queensland | March 2024
New Home Purchase
Balcombe recently assisted a local Beaumaris family with a Bridging Loan, which enabled them to relocate to the Sunshine Coast. Always great to play a small part in someone's property journey.
Loan Amount: $1,350,000
Term: 30 years, P&I
Lender: Major Bank
Balwyn North, Victoria | February 2024
Home Loan Refinance
We successfully refinanced two loans for a General Practitioner and her partner, totalling $1,975,800. With their fixed rates ending in December 2023, we're thrilled to have placed them with a new lender on much cheaper rates.
Loan Amount: $1,975,800
Term: 30 Years, P&I
Lender: Major Bank
Murrumbeena, Victoria | November 2023
Construction Finance
We are delighted to have assisted a family with the refinance of their $1,500,000 home loan, as well as arranging a new construction loan of $900,000 for the renovation of their home.
Loan Amount: $2,400,000
Term: 30 years, P&I
Lender: Major Bank