First mortgage
A property-backed facility with first-ranking mortgage security.
Keep in mind: The property is at risk if obligations are not met. Review costs and the repayment plan.
Explore this option →Construction & Development · A CLEARER STARTING POINT
Construction & Development Facility
Build a funding plan around your project stages, available equity, completion costs and repayment strategy.
Explore the information first. Our team can help you understand the next step.
Your initial profile review won’t affect your credit score.
How credit checks work
The initial review does not involve a hard credit enquiry. If you choose to proceed, a formal credit application may involve a hard enquiry, which can affect your credit score.
THE ESSENTIALS
Your finance essentials.
Construction and development funding is planned around the site, project budget and path to completion. Where funds are released in stages, each drawdown has its own conditions. An approved facility is not necessarily an amount you can access in full on the first day.
- Purpose
- Funding a defined property construction or development project.
- How it works
- The funding structure may use staged drawdowns subject to agreed conditions and project progress.
- Security to understand
- Property may secure the facility. Existing mortgages, ownership and legal priority need individual review.
- Costs to compare
- Ask for interest, establishment, valuation, legal, ongoing and exit costs. Check extension terms and how capitalised interest affects the amount owing.
A LITTLE MORE CLARITY
Separate the funding purpose from the security.
These explanations help you understand the differences. They do not select a product for you.
Explore related funding structures
Second mortgage
A further mortgage behind an existing first mortgage.
Keep in mind: Existing debt, priority arrangements and any required consents need review.
Explore this option →Bridging finance
A facility intended to cover a funding gap until an expected repayment event.
Keep in mind: First/second mortgage describes security ranking; bridging describes purpose. These can overlap.
Explore this option →A situation you might recognise
ILLUSTRATIVE EXAMPLE
A project has a build schedule and stage payments that need to be aligned with the funding structure.
The team would discuss the purpose, information available, costs and repayment obligations before any next step. This illustration is not a client story, offer or approval.
Before you decide
Approvals, build costs, drawdown conditions, completion and the exit strategy need specialist review.
GETTING READYA little preparation.
A little preparation.
A better conversation.
You don’t need to have every answer before contacting us. Start with your goal and our team will explain what information is needed.
For this particular request
- Site details, ownership, existing debt and planning or building approval status.
- Detailed feasibility, builder contract, cost breakdown and contingency.
- Your equity, proposed drawdown schedule and remaining cost to complete.
- Project timing, any presales, and evidence supporting the repayment exit.
Project information
- Site and ownership details, planning/building approvals and approvals still outstanding.
- Feasibility, detailed costs, builder/contract information, timeline and any proposed presales.
The repayment plan
- The proposed sale, refinance or other repayment source, with supporting information.
- A backup plan for delays. A future sale, refinance or extension is not guaranteed.
These are conversation checklists, not the final application requirements. Our team will confirm the relevant records and periods.
What should I tell the team?
Your goal, preferred timing, and any circumstances you would like us to understand. Share sensitive documents only through a verified, approved process.
NO GUESSWORK REQUIRED.
Your questions, welcome.
Does facility approval release every construction payment?
No. Staged facilities can require evidence of completed work, invoices, inspections or other conditions before each release. Confirm the drawdown process and timing so the builder payment schedule can be planned realistically.
How should I plan for overruns or delays?
Allow a realistic contingency and identify who will fund any shortfall. Check the remaining cost to complete, available facility balance and interest costs as the project progresses. Additional funding is subject to assessment and should not be assumed.
What project information should I prepare?
Bring the site details, project stage, approvals, budget, available equity, builder information and proposed timeline.
Can I enquire before all approvals are in place?
Yes. Clearly identify approvals still outstanding. A discussion does not mean funding is available or that work can begin.
What costs should I ask to see?
Request a clear breakdown of interest, establishment and ongoing fees, legal and valuation costs, and exit or extension charges before accepting terms.
What rate and fees would apply to me?
These depend on the product and your individual assessment. Ask for the rate, fees, repayment schedule and total cost in the proposed terms before deciding.
Can I start with a quick question?
Yes. Choose the short enquiry to share your goal and contact details, or take the full application path if you have more time. The team can clarify what is needed next.
Still wondering about something?
Share a little about your plans, or complete the full application if you’re ready.
Choose how to get started →