DEVELOPMENT FUNDING

Genie Home Loans specialise in Development Funding. Please contact one of our Product Specialist to discuss exactly what facility best suites your requirements.

New:   Ask about the 100% Construction Facility Current Development
Senior Debt
  • Commercial Industrial Retail and Residential Securities
  • $3 million to $75 million
  • NSW, VIC, QLD , WA, TAS
Loan to Value Ratio
  • Max 85% of Land and Construction, hard and soft costs, Plus interest capitalized
Rates
  • Min 2% - Max 2.75% on a for full Doc Loans (margin over 90 day Bank Bills)
  • 9.85% - 11.95% on Lo Doc
Terms
  • 1-2 years negotiable
Establishment Fee
  • GHL 1.00%
  • Application fee 0.45% - 1.00% subject to applicant
Presales
  • 0 to a max 60% of loan amount (negotiable)
  • valuations legal and quantity surveyors at cost
Mezzanine Debt
  • 75% to 85% of cost 18-25%
Equity Participation
  • 85% to 95% of cost

Genie Home Loans arranges unique and competitive development finance for residential and commercial projects varying between $1,000,000 and $100,000,000 in value. With years of experience working with developers, project managers and all major banks, Genie Home Loans not only has competitive rates but has also secured finance from the Private Sector and Super fund management.

Genie Home Loans work closely with their clients, providing their funding needs during the construction period and after the development.

We have a wide variety of products available to offer their clients when it comes to purchasing off the plan, during and when the development is completed.