Builder/ Developer Finance

We understand Property Development Finance!

We offer innovative market leading construction finance solutions for builders and property developers

Our unparalleled direct access to well over 250 lenders combined with interest rates starting from as low as 15% means that there is no one better equipped to deliver your specific project needs.

We have extensive experience in structuring development finance facilities throughout India for residential, commercial, office, industrial, retail, tourism and land subdivisions.

Surat Mortgages is closely aligned with all project market participants, including those in agency, valuation and construction plus our long term relationships with lending institutions and property developers gives us a unique market overview and adds significant value to our property developer clients.

 
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Why Choose Us
  • Experience
  • Industry knowledge
  • Personalised attention to all clients
  • The most expansive range of lenders to meet every project'sindividualdiverse needs
  • Market-leading facilities with attractive terms and competitive interest rates
  • Customised project specific funding strategies
  • Multiple options to choose the optimum facility structure
  • Effective framework to meet urgent requirements

Surat Mortgages construction finance facilities can be structured in many ways, with many different variations that are tailored to a project’s specific needs. However, typical property development loan structures fall into two general categories;Full Doc and Low Doc.

  • Full Doc Development Financefacilities are typically sourced via banks and other major financial institutions such as super funds, generally requiring pre-sales (or pre-leases) as well as current up-to-date financials. They offer the cheapest form of construction finance currently available in terms of interest rates.
  • Low Doc Development Financefacilities are usually sourced throughprivate lenders, with their main advantage that they generallydon’t require pre-salesor financials. They are generally much more flexible in their lending criteria.

We can help fund all stages of the construction cycle from financing the initial purchase of the land and cover approval costs all the way through to construction draw downs:

  • Land Bank Facilitiesforland acquisition and to fund approval costs. We can also assist in areas where there is a valuation uplift via factors such as rezoning and approvals being issued, with the LVR based on the higher value amount.
  • Construction- Progressive draw-down facilities
  • Take-out Facilitiesallows for the repayment of the existingconstruction facility using the residualstock as security to release equity, or to allow the property developer time foran extended selling period