Development Mortgages
Red Rock can offer a range of financing vehicles for developers who seek a flexible and highly leveraged debt facility for their development project. Our development finance facilities include
- Land Bank finance (for land subdivisions, pre and post DA)
- Construction Loans (on a total cost or Gross realisable value basis)
- Second Mortgage (Mezzanine Facilities)
Red Rock Mortgages commercial lending experts have are specialists in arranging development loans and structuring facilities to assist you in achieving maximum leverage and the greatest return on equity from your project.
Red Rock can offer development finance for up to 70% of the gross realisable value of the property (GRV) (ex gst) or up to 80% of total development costs (TDC) on a primary debt basis (first mortgage)
For developers who require additional leverage, Red Rock has access to mezzanine funds that subject to borrower and project strengths will allow you to borrow up to 90-100% of the total development costs (TDC) or up to 75% of gross realisable value (GRV)
Red Rocks commercial lending advisors help developers overcome the hurdles and avoid the pitfalls often encountered when dealing with banks as well as the costs and delays incurred when dealing with other less experienced providers.
If you would like to enquire about obtaining cost effective and highly flexible development finance for your next project, Contact Us today to speak to one of our expert commercial lending advisors who will review your needs and provide the best solution to suit your unique needs.
Alternative you can fill out our Development Quote form and someone will contact you within 24 hours to discuss your needs in further detail.
