Loan at a glance
- Loan Type
- Major bank
- Loan Amount
- $2.9M
- LVR
- 80% of total development costs
- Use
- Owner-occupied
- Inquiry to Settlement
- 6 months (builder delays)
How Settled With Joe kept a $2.9M major bank construction facility intact through extended builder delays for an owner-occupied luxury home in Hurstville.
The Challenge
A client in Hurstville was building a luxury owner-occupied home and had secured major bank funding at 80% of total development costs. However, the project ran significantly over time. The client went through three different builders before construction could properly begin, extending the process to six months from inquiry to settlement.
The Solution
Settled With Joe managed the complexity of a prolonged pre-construction phase, keeping the major bank facility intact while the client resolved their builder situation. The project ultimately settled at $2.9 million through the original major bank structure.
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.
