Development funding built around the project.
From a small residential subdivision to multi-unit builds, Pinnacle Mortgages can help structure and present development finance to bank and specialist lenders.
Contact UsAdvice that starts with your situation.
Development finance is not assessed like a standard home loan. Lenders can focus on the site, project costs, valuation, borrower contribution, build programme, contingency, pre-sales or exit strategy and the experience of the people delivering the project. We help bring those moving parts together into a finance application that lenders can properly assess.
Rather than starting with a particular bank or product, Pinnacle Mortgages looks at what you are trying to achieve, the strength of your application and which lending pathways may suit your circumstances.
Practical support from the first conversation.
Site acquisition and refinance
We can assess funding for a development site purchase or refinancing an existing site as the project moves toward construction.
Construction funding
We help present the total development budget, fixed-price or costed build information, professional fees and proposed drawdown structure.
Subdivisions and multi-unit projects
Funding can be considered for subdivisions, duplexes, townhouses and other residential development projects, subject to lender criteria.
Bank and specialist lenders
Depending on project size, leverage, experience and exit strategy, we can consider both mainstream and specialist development lenders.
Pre-sales and exit strategy
We help explain how the project is intended to repay the facility, whether through sales, refinance or retention of completed dwellings.
Drawdowns and project milestones
Once funding is approved, development facilities commonly draw progressively. We can help you understand lender requirements around valuations, QS reports and construction milestones.
A clearer path from enquiry to settlement.
Project review
We review the site, feasibility, costs, consents, build plan and intended exit.
Funding strategy
We identify lenders whose appetite is more closely aligned with the project.
Application
We package the proposal with the information the lender needs to assess it.
Approval and conditions
We work through valuation, QS, presale, equity and legal conditions where required.
Drawdown and completion
We assist with the finance process as the project progresses toward completion and repayment.
More than just the headline rate.
- Land value, purchase price and existing debt
- Total development costs and borrower equity
- Resource consent, building consent and project readiness
- Valuation on an as-is and as-if-complete basis where required
- Construction contract, builder experience and contingency
- Pre-sales, projected sales values and the proposed exit strategy
- Developer experience, project complexity and lender risk appetite
Lending criteria vary between providers and can change. Pinnacle Mortgages will explain the considerations relevant to your circumstances.