Accredited Mortgage & Finance Broker for the Construction Industry & Commercial Developers

Navigating Loan Options For Construction & Development

Securing finance for a construction project might seem overwhelming. Whether you’re building a home or a development project, we can help you navigate the intricacies of construction and development loans and access lenders offering competitive rates and terms.

Construction loans are more complex than traditional loans as it is important to manage the flow of funds to correspond with the stages of construction. It would help if you had a specialist broker who understands the fundamental differences between traditional and construction loans with staggered disbursements, varied interest calculations, and other specific requirements.

Howard Ghedia and What Loan are based in Norwest Business Park and have an in-depth knowledge of Sydney’s Hills District and decades of experience servicing Castle Hill, Baulkham Hills, Kellyville, Windsor, Parramatta, and surrounding suburbs.

No matter the size of the project, securing construction and development finance is integral to any successful development. We can structure development loans for residential property developments such as townhouses, duplexes, multi-unit, and commercial property developments, including office, industrial, retail and hospitality projects.

What We Do

• Assess your borrowing capacity.
• Assess the feasibility of your project.
• Streamline the loan process.
• Manage the flow of funds through the stages of construction.
• Maintain communication throughout the life of your project.
• Find the lender offering the most suitable rates and terms.
  

Development Loans

Development financing is specifically geared towards constructing commercial and residential projects like apartment buildings, housing developments, retail and office buildings, and all types of commercial business.

Howard Ghedia and his network have expertise in facilitating and structuring development financing. Development loans can be structured in many different ways, and it is important to establish a plan that will suit your situation and help you minimise your risk and maximise your returns.

Some development loans offer flexible repayment plans, including interest only, interest and principal repayments, and interest capitalisation. With interest capitalisation, the interest is added to the total loan amount (i.e. the principal). Still, instead of being paid back on an ongoing basis, it is repaid from the development proceeds.

The Process

The loan process begins with an initial consultation to discuss your situation and goals, then assess your borrowing capacity and the potential construction and development costs. The next step is finding the right lender and product and ensuring all the requirements are met to secure the loan. The broker relationship doesn’t end there. Howard Ghedia and his team will be with you along the construction and development journey, managing progress payments and loan disbursals.

We are familiar with the challenges of construction and development loans, and we are keen to share our knowledge.

Construction Loans for Home Building and Significant Renovations

Construction loans have stipulations that vary from conventional home loans, and a range of loans on offer match specific circumstances. Some loans can be used for land purchase and construction costs. Some require a fixed-price building contract and enforce rigid timeframes for completion.

A drawdown loan is a loan with staged disbursement of funds instead of the entire loan amount being available upfront. Construction loans offer the flexibility of drawdowns in line with the stages of your project, ensuring funds are available as your project progresses but that you are only paying interest on the amount you have used.

Construction loans can be complex, and it is important that you understand the specific terms and that they match your circumstances.

Why Choose Us?

Howard Ghedia is an experienced mortgage and finance broker with complementary knowledge and experience gained over 25 years as an accountant, financial advisor, and tax specialist. With a wealth of experience and a strong professional network, Howard helps find the best financial products for his clients.

Why people choose Howard Ghedia Mortgage and Finance Broker trading as What Loan for construction and development loans

Howard Ghedia trading as What Loan Pty Ltd

ABN 75 118 207 873

Australian Credit Licence 38 9886

MFAA Credit Adviser

MFAA Accredited Broker

MFAA Certified Mentor

How much can you borrow?

• How Long to Repay Calculator
• Borrowing Power Calculator
• Stamp Duty Calculator