Construction Loans | GCC

globalcapital Construction Loans Global Capital Commercial (GcC) low doc development finance is typically sourced through our network of private investors and lenders and is generally less stringent, requiring minimum or no pre-sales and not requiring financials. Key Advantages • No pre-sales required • No financials required • Fast turnaround and approval times • Offer construction finance to owner builders • Will consider incomplete projects • Will lend to offshore borrowers Overcome Opportunity Costs: • Interest costs payable during the land bank period while waiting to achieve pre-sales targets Holding costs during the land bank period Upfront marketing expenses to achieve pre-sales Upfront sales commissions to specialist marketers (sometimes as much as 10% upfront!) Easier to sell stock at realistic prices once the project has started 'turning dirt'. Without needing to wait for pre-sale hurdles to be achieved, the developer can commence earlier, complete and sell the project earlier and turn over their equity much faster. • In a rising market delaying sales to the back end could result in a significant increase in ROI. (A 5% increase in GRV could lead to a 50% increase in ROI!) https://www.globalcapital.com.au/ 1300 011 211