INFRASTRUCTURE FUNDING
Get up to 80% of your second bond as a cash advance
Lay The Foundation For Your Development
Successful property development hinges on robust underlying infrastructure. Constructing the essential components that make a development viable – from accessible roads and reliable power to efficient water and sewerage systems – requires significant upfront investment. Our specialised Infrastructure Funding solution is designed to provide developers and builders with the dedicated capital needed to construct and enhance this critical infrastructure, ensuring your projects have the solid foundations required for success and community growth.
Targeted Infrastructure Support
Provides funding specifically for essential infrastructure components like roads, drainage, power, lighting, sewerage, and water supply systems.
Secured by First Bond
Financing is securely facilitated by registering a first bond on the borrower’s property, ensuring a stable funding mechanism for the project.
Funding Aligned with Development
Secured funds are specifically released and utilised for the crucial stages of laying down and improving key infrastructure elements.
Repayment from Sales
The repayment structure is linked to the progress and success of your development, commencing once the sale of completed units begins.
Extends To Top Structures
In certain cases, funding can also extend to the development of top structures, including houses, apartments, and commercial units.
Supports Project Viability
Provides the necessary financial backing from the start, enhancing the feasibility and likelihood of your project’s successful completion.
Who It’s For
Our Infrastructure Funding solution is designed for property developers and builders undertaking development projects that require significant investment in essential underlying infrastructure. If your project involves the construction or improvement of roads, utilities, drainage, and potentially top structures, and you require a dedicated funding partner whose finance is secured against the development property and repaid from future sales, this solution is tailored for your needs.
Benefits
- It provides comprehensive coverage for a wide range of infrastructure needs, ensuring a holistic approach to development funding.
- The funding is structured with flexible repayment terms, commencing only after unit sales begin, giving developers crucial breathing space to focus on project completion without immediate financial pressure.
- It enhances overall project viability by ensuring the necessary financial backing is in place from the outset, increasing the likelihood of successful completion and ultimately, the creation of thriving communities and businesses.
How It Works
Accessing Infrastructure Funding begins with assessing your development project’s specific needs.
- Upon application, our process involves the lender taking out a first bond on the borrower’s qualifying property, establishing a secure financial base for the project.
- The secured funds are then strategically utilised to finance the construction and improvement of the essential infrastructure components outlined in your development plan, and potentially top structures where applicable.
- Repayment of the funding is structured to align with the project’s success, commencing once the development phase is complete and the sale of units (such as apartments, houses, industrial spaces, or offices) begins, with the lender being repaid from the proceeds of these sales.
Application Criteria
- To apply for Infrastructure Funding, the primary requirement is a viable property development project that necessitates the construction or improvement of essential infrastructure.
- The borrower must have a qualifying property on which the lender can register a first bond to secure the funding.
- The application will involve a detailed review of the project plan, the scope of the infrastructure required, and potentially the plans for top structure development.
- The commercial feasibility and projected sales of the completed units will be key factors in the assessment process.
Frequently Asked Questions
What types of infrastructure does this funding cover?
Our Infrastructure Funding covers the construction and improvement of critical components such as roads, drainage systems, power and lighting facilities, sewerage systems, and water supply systems within a development project.
Can the funding also be used for building houses or commercial units?
Yes, in certain cases, our funding support can extend to include the development of top structures, such as residential units (houses, apartments) and commercial spaces (offices, industrial units), when applicable to the project.
How is infrastructure funding secured?
The funding is secured by the registration of a first bond on the borrower’s property, providing a secure method of financing the infrastructure and top structure development.
When does repayment of the funds begin?
The repayment structure is flexible and aligned with the project’s lifecycle. Repayment commences once the development phase reaches completion and the sale of the units within the development begins, with the lender being repaid from the proceeds of these sales.
Is this funding for infrastructure only, or the entire development?
This funding is specifically designed for the infrastructure components and, in applicable cases, the top structures, forming a crucial part of the overall development finance required for a project.
What kind of property is required for the first bond?
The requirement is for a qualifying property owned by the borrower on which the lender can register a first bond. The suitability of the property will be assessed during the application process.
APPLY FOR INFRASTRUCTURE FUNDING
This form applies to the following bridging loan categories:
Infrastructure Funding
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