Loan at a glance
- Loan Type
- Major bank
- LVR
- 80% of total development costs
- Total Settled Value
- $5M
- Existing Debt
- 50% LVR on land
- Inquiry to Settlement
- 6 weeks
How Settled With Joe placed a luxury duplex construction loan with a major bank at 80% of total development costs in Drummoyne, settling a $5M project in six weeks.
The Challenge
A client in Drummoyne was carrying 50% LVR debt on their land and wanted to fund the construction of a luxury duplex. The project's quality and location made it eligible for mainstream lending, if the right lender and structure could be arranged efficiently.
The Solution
Settled With Joe placed the deal with a major bank at 80% of total development costs. The project settled at $5 million total value within six weeks of inquiry, a fast result for a deal of this scale and complexity.
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.
