Construction finance
Funding that draws down as you build.
Construction finance releases money in stages as the build hits each milestone. We place it with lenders who verify and pay draws quickly, so the site keeps moving.
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.
Sized to the build, drawn as you go.
Construction finance pays for the physical build. Unlike a normal mortgage that hands over the full amount at settlement, the money is released in stages, called progress draws, as the build reaches set milestones: slab, frame, lock-up, fixing, and practical completion. A quantity surveyor inspects the work and signs off each claim before funds are released.
Two numbers set the loan size. GRV is the gross realisation value, what the finished property is worth. TDC is the total development cost, land plus build plus fees and interest. Lenders lend to a percentage of each and take the lower figure, commonly up to about 70% of GRV or 80% of TDC. Because you borrow against the finished value, you can get further than the current value of a bare site would allow.
We arrange facilities for single dwellings, small multi-unit projects, and commercial builds up to $30 million. Interest is charged only on what has been drawn, so early-stage holding costs stay low. For larger or multi-stage projects, our development finance is the better fit.
What it looks like
- Progress draws aligned to your build program
- Independent quantity surveyor sign-off on each draw
- Loan sized against gross realisation value and total development cost
- Interest charged only on funds drawn
- Terms of 12 to 24 months
- Land and construction together, or construction alone
Who this is for.
Residential builds
Fund a new home or dual occupancy from slab to completion, with draws released quickly so the builder stays on site and on program.
Commercial construction
Build offices, retail, or warehouse space with a facility set to the project timeline rather than a bank's internal queue.
Knockdown rebuilds
Fund demolition, construction, and holding costs on an existing site under one facility, drawn stage by stage.
“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.
Construction finance near you
We are based on the Gold Coast and place construction finance for clients right across South East Queensland. Explore by area:
Tell us about your deal.
Send through the scenario. You’ll hear back the same day with who would fund it and roughly what it costs. If it doesn’t stack up as it stands, we’ll say so and tell you what would need to change.