Loan at a glance
- Loan Type
- Alt doc
- Loan Amount
- $1M
- Settled Value
- $1.45M
- LVR
- 70% of total development costs
- Existing Debt
- Nil
- Inquiry to Settlement
- 2 weeks
How Settled With Joe secured a $1M alt doc construction loan at 70% of total development costs for a house and granny flat in Blacktown, settled in two weeks.
The Challenge
A client in Blacktown wanted to build a house and granny flat on land they owned outright with no existing debt. The project was straightforward in structure but required a lender comfortable with an alt doc assessment and a fast turnaround.
The Solution
Settled With Joe sourced an alt doc lender and secured funding at 70% of total development costs, resulting in a $1 million loan against a $1.45 million projected settlement value. An accountant's declaration was used in place of full financials. Formal approval was in place within two weeks of inquiry.
Need Construction or Development Finance?
Settled With Joe assists borrowers across all stages of the build cycle. We can help you source capital from $200K to $15 million to complete your project, drawing on a lender panel of 90+ bank, non-bank, and private lenders.
