Miranda Duplex Construction — No Doc Private Loan
Miranda, NSW
Duplex.
$3.36M Settled
The Challenge
A client owned land in Miranda with an existing loan sitting at 70% LVR. They wanted to construct a duplex on the site but needed a lender willing to assess the deal against the completed value of the project, not just the current land value, and structure repayments around the reality of a construction timeline.
The Solution
Settled With Joe assessed the project against its gross realisation value (GRV), which came in at $4.8 million on completion. We secured a no doc private loan of $3.36 million, representing 70% of GRV, and structured it as a capitalised interest facility. The client made zero repayments for the first 18 months. If the build extended beyond that, interest-only repayments applied for the remaining period up to the 24-month loan term.
This gave the client a clean runway to complete the duplex and sell without cashflow pressure during construction.
Loan at a Glance
| Detail | Info |
|---|---|
| Loan Type | No doc private |
| Loan Amount | $3.36M |
| GRV | $4.8M |
| LVR | 70% of GRV |
| Structure | Capitalised interest, 18 months interest-free |
| Inquiry to Settlement | 3 months |
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.
