Development finance
Land, build and sell-down under one facility.
Development finance funds a project across its whole life, from buying the site through construction to selling the finished stock. We structure it and place it with lenders who back the deal on its merits.
Leverage
To ~70% TDC
With mezzanine
To ~85%
Presales
Light or nil
Draws
In days
Indicative only. As brokers we place your deal with the right private lender; final terms are set by that lender.
One facility, from the site to the last sale.
Development finance runs the full project: buying the land, getting the DA over the line, building, and selling down the finished product. We structure the facility around the program and the cash flow so funding is there at each stage rather than renegotiated every few months.
Loan size is set two ways. TDC is the total development cost, land plus build plus fees and interest. GDV is the gross development value, what the finished project sells for. Senior debt commonly runs to about 70% of TDC or 65% of GDV, whichever is lower. If you need to get further up the stack, mezzanine or stretch funding can lift total leverage to roughly 80% to 85% of cost, at a higher blended rate, and we can layer that in when the margin supports it.
Private lenders read a project on location, planning, build quality, and the developer's track record. That means presale hurdles are lighter than a bank's, and sometimes nil where the deal stacks up. We arrange facilities for residential, mixed-use, townhouse, and apartment projects for developers who need funding certainty through to completion.
What it looks like
- Land, construction, and sell-down under one facility
- Senior to around 70% of TDC or 65% of GDV
- Mezzanine and stretch options to lift total leverage when the margin allows
- Lighter presale requirements than a bank, sometimes nil
- Progress draws released within days of QS certification
- Interest capitalised through construction and sell-down
Who this is for.
Residential development
Townhouse, apartment, and house-and-land projects funded from site purchase through to settlement of the final lot.
Mixed-use projects
Schemes that combine residential, retail, and commercial space, structured around the different cash flow each component throws off.
Presale-light deals
Projects where a bank's presale hurdle or credit appetite does not match a sound opportunity. We place these on the project fundamentals.
“Developers get stuck when a bank wants presales they can't get and leverage they don't have. Private senior and mezzanine funding reads the feasibility instead, and it's how a lot of good schemes actually get built. Send me the feaso and I'll tell you what leverage is realistic and where to place it.”
Founder and Managing Director, Aurelius Private
Common questions.
Development finance near you
We are based on the Gold Coast and place development 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.