Property Development Solutions
Members Equity Bank is an experienced and flexible lender when it comes to funding commercial and residential developments. We offer tailored solutions that will take into consideration your individual requirements, for example determining a loan to development cost ratio that takes into consideration your real costs (both hard and soft costs) when structuring the finance solution.
Example Solution: Commercial Development (Construction)
Green and Gold Pty Ltd. decide to move their manufacturing operations into a semi-rural area for reasons of cost. They acquire a vacant five hectare property, which is too large for their current needs, so they decide to build three factories on the site. Their intention is to occupy the first factory, rent out the second and sell the third on completion.
Example Solution: Commercial Development (Post Construction)
Green and Gold Pty Ltd. have now finished construction of the three factories. They've moved into the first factory, found tenants for the second and have sold the third. The Commercial Property Development Loan is now refinanced with a longer term Commercial Loan.
Example Solution: Multi Apartment Development
Smythe, West and Mortenson Property Pty Ltd own a dilapidated warehouse in an industrial inner city area. The land is rezoned, cleared and the property is subdivided into 12 fully serviced residential lots. Their intention is to sell 3 of the lots as vacant land to generate income to develop the remaining lots. Nine units will be constructed on the remaining lots, of which five are to be sold off the plan.
Fees and charges apply. Terms and conditions available on request. Applications are subject to credit approval.
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Personal Ph 13 15 63 Business Ph 1300 658 108 ME Contact Centre open Mon - Fri 8am - 8pm. Sat 9am - 5pm (EST)
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Personal Ph 1300 654 998 Business Ph 1300 658 108 ME Contact Centre open Mon - Fri 8am - 8pm. Sat 9am - 5pm (EST)
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Personal Ph 1300 654 998 Business Ph 1300 658 108