A construction loan that is right for you
We collaborate with builders, developers, and renovators to initiate projects, regardless of their scope. Our partners construction facilities, backed by 1st or 2nd registered mortgages, accrue interest on funds utilized. With our seasoned loans team, well-versed in the intricacies of the building industry, we provide unwavering support throughout the financing journey of your project.
We assist our customers with:
Single dwellings
Duplexes
Townhouses
Land Subdivisions
Low-rise apartments
Completion Funding
Residual Stock Loans
Here is a case study from one of our lending partners:
01
DEVELOPMENT SITE OPPORTUNITY
The client required funds to purchase a prime development block in Broadbeach Waters for $1M. Banks could not provide funding in time to secure the property, but once they approached this lending partner, the lender was able to quickly assess the scenario and provide an offer for funding the purchase.
02
PLANNING THE BUILD
Over the next 6-months, the client gained development approval for land subdivision and construction of two free-standing luxury homes.
03
CONSTRUCTION COMMENCEMENT
Our lending partner provided a construction loan for all development costs and construction, plus additional contingency to complete the project. Interest was capitalised into the loan, so there were no monthly payments to the borrower for the duration of the build.
04
SALE AND PROFIT
At the end of the loan term, the client sold the properties and exited the facility with a healthy profit.
Why Andorra Private when sourcing your construction facility?
Andorra Private provides fast, flexible commercial finance through our private lending partners, which is very different from traditional lenders such as banks. We work with select private financing businesses to ensure an optimal outcome for your project. Our thorough research ensures you are paired with a private funder who is trusted within the industry and aligns with your goals.
Commercial business funding experts
Our specialist team is highly experienced in handling complex applications for business owners of large projects and can provide invaluable input at this stage.
The best business loan interest rates – fast
As a boutique brokerage with strong market connections, we can offer excellent commercial loan rates and secure approval quickly, with capital deposited faster.
Transparent cost structure
We don’t bury hidden fees and charges or unexpected establishment fees deep in terms and conditions. As a small business, you can be confident in our total transparency. Learn more about our partner’s business loan offers, and discuss your financial situation and eligibility to apply.
Want to learn more? Speak to one of our specialist brokers today
Frequently asked questions with commercial property loans
For instance, our commercial bridging loans offer an excellent solution for developers seeking short-term funding to sustain project momentum while awaiting the finalization of longer-term financial arrangements.
With our development finance options, you can access swift capital injections and competitive terms tailored for capital-intensive commercial and residential property endeavours.
If you’re considering investing in a Research and Development project and need initial funding, a secured business loan may be the key to kickstarting your initiative.
The specific terms of your loan will depend on the nature of your project.
At Andorra Private, we offer funding from 3 to 24 months. For more information and to discuss your individual position with an expert, you can get in touch with the team to tailor a capital product to your needs.
We’re experienced in managing bespoke requests and circumstances and can therefore work with you to find the best financial solution for your business venture.
When evaluating your eligibility for a commercial property loan, various factors come into play. As brokers, we assess both the present financial standing and past performance of your business prior to sending it to the lender.
Moreover, the current outstanding debt, existing assets, and the deposit you can offer on the property significantly influence the decision. Typically, a deposit of 25-30% is required, varying based on the property’s location.
If you’re uncertain about your borrowing eligibility, reach out to us today. Our knowledgeable Andorra Private representatives can guide you through the process, offering tailored advice and assistance with your application
Your commercial plan and its related expenses will determine the capital you need to seek from Andorra Private. As a reference, we support funding within the range of AUD $100,000 to $30 million.
We cover a variety of needs including machinery upgrades and residential development, and include specifics like loan amounts, agreements, and arranged rates/exit strategies.
In essence, these two loan categories are identical, differing primarily in their terminology. Both a business loan and a commercial loan are tailored to assist business owners in expanding and enhancing their operations, thereby unlocking new avenues for growth and boosting revenue.
Residential loans cater to individuals aspiring to own or currently owning homes, enabling them to enter the housing market and secure their own residence.
On the other hand, commercial loans are tailored for developers or business proprietors aiming to expand their property holdings or embark on real estate development ventures to bolster their enterprises.
Due to their inherent characteristics, commercial loans generally carry higher interest rates than residential loans and operate on shorter terms.
