Construction finance · Gold Coast
Construction finance on the Gold Coast.
Aurelius Private are private lending brokers, and the Gold Coast is home. We arrange construction finance for local builders and developers by placing each deal with a private lender from our panel rather than lending ourselves, so a project goes to whoever actually fits it.
Working here means we know which lenders are funding Gold Coast construction right now, and how the council tends to treat each stage.
Loan size
To $30M
Settlement
In days
LVR
To ~80% TDC
Term
12–24 months
Indicative only. As brokers we place your deal with the right private lender; final terms are set by that lender.
What is happening in Gold Coast construction
The Gold Coast is in the middle of its biggest building run since the pre-GFC years. More than a dozen residential towers are approved or under construction across Southport, Surfers Paradise, Broadbeach and Burleigh Heads. One of them, the twin-tower One Park Lane in Southport, is set to include the tallest residential building in the southern hemisphere. North of the river, the Coomera corridor is filling with townhouse and mid-rise projects, including MG Homes' Ridge Residences and Cadmium's four-tower plan on Foxwell Road, all feeding off the $3 billion Coomera Connector now being built between Loganholme and Nerang.
The banks have gone quiet on most of that work. The majors still want substantial pre-sales locked in before they will settle a construction facility, and their timelines rarely suit a builder who needs to be on site this quarter. The gap is widest for spec builders, boutique townhouse developers and anyone doing a knockdown rebuild in the established eastern suburbs: deals that stack up on the numbers but do not fit a bank's credit template.
Construction finance that moves at build speed
The money comes out in stages as the build hits each milestone, slab, frame, lock-up, fixing and completion, and you only pay interest on what has been drawn. We place these facilities with private lenders who verify and pay draws in days, which is usually the difference between trades staying on site and the program slipping.
Lenders size the loan against the finished value (GRV) and the total development cost (TDC), commonly up to about 70% of GRV or 80% of TDC, and take the lower of the two. Borrowing against the finished value is what lets construction finance reach further than a loan against the bare site would. We arrange facilities from single dwellings up to small unit and townhouse projects and commercial builds to $30 million, including spec builds a bank would knock back for want of pre-sales.
Where we work
Our building clients are spread right across the Gold Coast, from the Coomera and Pimpama corridor in the north to the coastal strip around Southport, Broadbeach and Burleigh. We also arrange construction finance through the rest of South East Queensland.
“Construction is where speed matters most. A bank can take weeks to sign off a draw; the private lenders we use verify and pay in days, which is often the difference between staying on site and the job stalling. Send me the plans and the build contract and I'll tell you quickly who can fund it and on what terms.”
Founder and Managing Director, Aurelius Private
Common questions
Can you fund a Gold Coast spec build with no pre-sales?
How fast can a construction facility settle here?
Do you only work with Gold Coast builders?
Building on the Gold Coast?
Send us the project. We will tell you what a private lender will fund and on what terms, usually the same day.