Development/Construction Finance with AAA Money
AAA Money settled over $120 million in small to medium residential and commercial development/construction projects, funded by our wholesale providers, in the 2023 calendar year.
We have the expertise to tailor the facility to best suit your clients’ requirements, with very competitive terms.
We can assist with projects in all major cities and can consider regional locations on a case-by -case basis.
Commercial Fund Manager David Hulston is the one contact point from the application process, progressive drawdowns, and final completion of the project.
Development Finance Features
Maximum Facility Limit $25 million to include capitalised interest during the construction term.Interest Rates from 9.99% with progressive drawdowns.
LVR: Up to 75 % of end value and 80% of construction costs, we can offer no presales.
Term: Maximum 5 years
Establishment Fee: from 2.00%
Pre-Sales: Not required up to $5 million and then on a case-by-case assessment up to $25 million depending on the strength of the Borrower.
Financial Information/ Tax Returns: Not required for facilities up to $5 million and then on a case- by- case assessment up to $25 million depending on the strength of the Borrower.
Broker Up-Front Commission 0.50% +GST payable after first drawdown. You have the option to increase the commission on each loan application at your discretion by increasing the Establishment Fee. For example, a 2.50% Establishment Fee will give the broker a 1.00% +GST up-front commission.
