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development funding loans

development funding loan options

Eagle Funding has a range of specialised property development loans to suit your need. These range from a percentage of land and construction costs which are very competitvely priced to the more expensive loans that allow you to borrow on the end valuation of the project.

The table below outlines the main features of our development loans. Click the more info link under the name of each loan for more information.

DEVELOPMENT FUNDING AT A GLANCE
 
80% OF END VALUE
DEVELOPMENT FUNDING

75% OF LAND AND
CONSTRUCTION HARD COSTS

Description
Loans for the Developer wanting to put in as little of their own money as possible.
Loans for the Developer happy to contribute a higher percentage of the costs so they can receive a lower interest rate on their funds.
Non Recourse Loans
Available on the strength of the application
Available on the strength of the application
Lite Doc

Available to 75% End Value with an Accountants letter
Available with an Accountants letter
Documet Requirements
1. Full corporate information; i.e. ACN, directors, shareholders, date of incorporation together with a brief outline/history of the company and it’s business.
2. Full personal information for directors and guarantors; i.e. date of birth, drivers license number
3. Copy of assets and Liabilities statements on all Borrowers/Guarantors
4. Last 3 years Company and Director’s tax returns, company profit/loss statements and balance sheets
5. Builders resume and capability statement
6. Solicitors, Accountant and Bankers details, including name, address, telephone number and contact
7. Description of the proposed development
8. Full Project Feasibility
9. Details of Project status (i.e. land settled, ready to contruct, awaiting DA ect)
10. Details of sales achieved to date and future sales prior to construction commencement
11. Copy of Plans and Permits
12. A copy of the fixed price building contract.
1. Full corporate information; i.e. ACN, directors, shareholders, date of incorporation together with a brief outline/history of the company and it’s business.
2. Full personal information for directors and guarantors; i.e. date of birth, drivers license number
3. Copy of assets and Liabilities statements on all Borrowers/Guarantors
4. Last 3 years Company and Director’s tax returns, company profit/loss statements and balance sheets
5. Builders resume and capability statement
6. Solicitors, Accountant and Bankers details, including name, address, telephone number and contact
7. Description of the proposed development
8. Full Project Feasibility
9. Details of Project status (i.e. land settled, ready to contruct, awaiting DA ect)
10. Details of sales achieved to date and future sales prior to construction commencement
11. Copy of Plans and Permits
12. A copy of the fixed price building contract
Servicability
Based on the strength of the project. Although Tax returns are required they are to demonstrate no tax liabilites.
Based on the strength of the project. Although Tax returns are required they are to demonstrate no tax liabilites
Interest Capitisation

Yes for strong projects

Yes for strong projects



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