Planning a building or development project? Speak with FI Collective about the proposed project and the finance requirements you need to consider.
Project finance starts with a clear understanding of the site, proposed works, budget and intended outcome. The lender’s requirements will depend on the project and the borrower’s circumstances.
We help you organise the lending discussion and identify what further information is needed. Your professional advisers should also assess project feasibility, approvals, contractual obligations and contingency plans before you commit.
Discuss the proposed project and funding requirements.
Identify the information needed for lender consideration.
Explore suitable finance options and application steps.
Construction and development finance needs to account for how a project progresses, not just its initial costs. The timing of payments, your contribution and the funds needed to complete the works all influence how the loan is structured.
Allowing for contingencies, delays and changes to building costs is important. For development projects, lenders may also consider how the finance will be repaid, including through property sales or refinancing once construction is complete.
FI Collective helps you explore suitable lending options through our lender panel and understand the information required at each stage. We’ll explain funding conditions so you can plan alongside your builder and professional advisers.
Yes, an initial discussion can help identify likely information requirements. It does not confirm funding or replace the lender’s assessment of the completed proposal.
Usually yes. Commercial land loans and construction funding are typically assessed as separate facilities, each with their own conditions and drawdown arrangements. We will map out what each stage covers so there are no gaps between buying the site and starting work.
Construction funding is commonly released in stages, known as progress payments or drawdowns. Before releasing funds, the lender may require invoices, inspections or reports confirming the work completed and the remaining cost to finish. The payment schedule and any requirement to use your own funds first depend on the project and loan agreement.
Additional costs are not automatically covered by your approved loan. The lender may need to reassess the project, and you may need to contribute extra funds. Discuss proposed variations or likely overruns with your broker and lender early. Including a contingency allowance in your budget can help you prepare for unexpected expenses.
Not sure where to start? Tell us what you’re planning, and our team will help you understand your finance options and what comes next.
