Incomplete Construction Finance
Rescue stalled or abandoned construction projects with specialist finance designed for incomplete developments. Whether your builder has gone into liquidation, costs have exceeded budget, or the previous owner walked away, we arrange funding to get your project finished.
Key Features
Project Rescue
Specialist finance to complete stalled developments
Builder Insolvency
Funding solutions when your builder has entered liquidation
Fast Assessment
Rapid evaluation and funding for time-critical situations
Flexible Security
Lending against as-is and as-complete valuations
Recently Funded Deals
See what's possible with the right finance solution
*Based on real deals settled by Andorra Private. Details may be generalised for confidentiality.
Unregistered MIS — Industrial Warehouse Portfolio
The Scenario
A property syndicate structured as an unregistered managed investment scheme sought finance to acquire a portfolio of large industrial warehouses in regional Victoria.
The Challenge
The syndicate required non-recourse lending with no directors guarantees — a structure many lenders are unfamiliar with. Loan documentation needed to reflect the MIS trust structure correctly, requiring coordination between the client, their solicitor, and the bank's solicitor.
The Solution
We identified a major bank willing to provide a lease-doc facility on a non-recourse basis. We then worked closely with all parties — the client, their legal counsel, and the bank's solicitors — to ensure the loan contracts correctly reflected the trust structure and that no personal guarantees were required.
The Outcome
The facility was successfully arranged with a major bank. The syndicate acquired the warehouse portfolio with no directors guarantees, and all loan documentation was executed correctly on the first pass.
Non-Recourse
Structure
None
Guarantees
Lease-Doc
Facility Type
Major Bank
Lender
Client Testimonials
Hear from our satisfied clients
“Nick as a broker is part of my dream team for not only residential but especially commercial lending and has been nothing short of brilliant! Always calm under pressure and gets the job done. Very proactive and knowledge far superior to other brokers I've worked with. He's also got another option up his sleeve to ensure you achieve your goals. Absolutely no hesitation in recommending Nick for all things finance. Do yourself a favour and have a preliminary chat with Nick.”
Rachael
Commercial Lending
“Nick is an absolute gun at his job. I've been through many brokers over the years, and he is by far the best I've worked with. His knowledge in the commercial space is second to none, and the way he handles the process is completely seamless.”
P
Commercial Finance
“Nick is super professional and highly competent in his craft. He guided me with credible lending options and advice during my commercial property purchase journey. Highly recommended.”
ADS Rawal
Commercial Property
Ready to discuss your options? Get a response within 24 hours.
Start ApplicationWhen Construction Stops Before Completion
Incomplete construction projects present unique financing challenges. Whether a builder has entered liquidation, a developer has run out of capital, or a project has been abandoned mid-build, the partially completed structure needs specialist assessment and a clear path to completion before any lender will provide funding.
Traditional banks almost never finance incomplete construction. The risk profile is too complex — the existing work needs to be assessed for quality and compliance, a new builder must be engaged, a cost-to-complete budget must be prepared, and the as-complete value must be verified. This is where specialist lenders and private credit providers step in.
How Incomplete Construction Finance Works
We start by arranging an independent assessment of the existing construction — what has been completed, what needs rectification, and what remains to be built. A quantity surveyor prepares a detailed cost-to-complete report, and a valuer provides both as-is and as-complete valuations. This forms the basis of the lending submission.
Finance is then structured around the cost to complete rather than the total original project cost. A new builder is engaged under a fixed-price or cost-plus contract, and progressive drawdowns resume from the point of incomplete work. Our lender panel includes private credit funds and non-bank lenders who have specific appetite for project rescue scenarios.
Discuss Your Incomplete Construction Finance Needs
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Frequently Asked Questions
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