Urgent Short Term Loans to Hold Land Through a DA or Rezoning

Yes. We can refinance a lender out before or after it appoints a receiver, and we value the land on what it is worth today, without the rezoning. The term, from 1 to 24 months, is set to cover the time council needs plus the time to sell the land or arrange a bank loan once the decision is made. Ask the bank for a written payout figure today, and send it to us with the default notice and your planner's expected date for the decision. Ask your solicitor how many days the default notice gives your company, so the refinance can settle inside that period.

• →Receivership refinance

On those numbers, it can. 70% of $3,000,000 is $2,100,000. If your partner's half is valued at $1,250,000, which is half of $3,000,000 less the $500,000 owing, repaying the loan and paying them out needs $1,750,000. That leaves about $350,000 toward stamp duty on the transfer and legal costs. If you agree to pay your partner more than that, the room shrinks, so ask your solicitor for the duty figure first. Our valuation of the site under its current zoning decides the final amount.

Yes. We lend on the land as it stands, without the approval, so the loan reflects its value today. If the price is $2,000,000 and our valuer assesses the land at $1,700,000 without approval, we can lend up to $1,190,000, which is 70% of the lower figure. Have your solicitor explain what you give up by removing the condition before you agree.

Yes, as long as the total loan stays within 70% of the land's current value. Eighteen months at $15,000 is $270,000, which can be added to the loan at settlement. Ask for a term longer than 18 months, because a rezoning can run past the planner's estimate, and the holding costs continue until the loan is repaid.

Yes. We lend on the land as it stands now, and the loan can be repaid from the lot settlements once the new titles issue. We do not fund the subdivision works, because they are construction. Tell us the expected title date and your sales plan, and we set the term to match.

You have whatever remains of the term agreed at the start, which can be up to 24 months in total. A refusal early in the term may leave enough time for a full sale campaign. Tell us as soon as the decision is made, so we can work through the sale with you. When you first apply, ask for a term that allows for a refusal and a sale, not only for the approval.

It can. Our valuer assesses the land as it stands, including any flood or other planning overlay, against sales of comparable land. The six-month delay matters as much as the overlay, because it pushes back your repayment date. Send us council's request and your planner's revised timeline, and we set the term around it.

Yes, up to $750,000 on those numbers. 70% of $2,500,000 is $1,750,000 across both loans, and the bank's $1,000,000 leaves $750,000 for a second mortgage, where the bank's terms allow one. Second mortgage rates start from 11.95% p.a. Send us the bank's latest statement with the title.

• →Second mortgage finance

Yes. Selling the land with its approval in place is one of the usual ways these loans are repaid. We lend on the land's value today, not on its approved value, so any increase in value after approval is yours and the loan does not rely on it. Allow time after approval for a sale campaign and settlement when you choose the term.

Yes. Our terms start from 1 month, so a short loan to cover the gap between settlement and the bank's loan is possible. If approval comes later than expected, the bank refinance moves with it, so ask for a term with a few months to spare. Send us the bank's conditional approval with the contract.

• →First mortgage finance

Yes. A trust that already owns the land can borrow against it for the planning proposal and the holding costs while the rezoning is decided. We look at the land's current value, the 70% limit and how the loan will be repaid, such as a sale or a refinance once the rezoning is finalised. Send the trust deed with the title and your planner's timeline.

Only where recent sales show buyers already pay more for land with that potential. We value the land under its current zoning and never lend on the value it would have once rezoned, so the loan does not depend on the outcome.

For most standard and complex rezonings in NSW, yes. The Department of Planning publishes benchmark timeframes of 320 working days for a standard proposal and 420 for a complex one, and our terms run to 24 months. We set the term against your planner's timeline, with room for delays.

Yes. Give us the option terms and the expected approval date, and we can value the land and agree terms in advance. When approval is granted, only settlement remains, and it can follow within days.

Yes. Planning, consultant and survey fees can be included in the loan, as long as the total stays within 70% of the land's current value. Interest can be capitalised, so there are no monthly repayments while the approval is decided.

Yes. We pay out your current lender at settlement, based on its payout figure, and set a new term that allows for the approval stages still to come.

A refusal or an appeal usually changes how the loan will be repaid, so tell us as soon as you know. In NSW, an appeal to the Land and Environment Court is generally made within 6 months of the decision, and an appeal can change your repayment plan. We look at the options with you, including a sale, a revised application or an extension.

Same-day funding is possible, depending on your scenario, once the land has been valued and the letter of offer is signed. Send the title, the option deed and the latest correspondence from the planning authority with your first call.

• →$4 million for a DA-approved site, settled within 24 hours when the expected lender could not fund in time
• →$3.2 million funded within 24 hours for a time-sensitive client
• →$271,000 approved on a Sunday and settled the next business day

Yes. Between approvals and construction, developers often need money for deposits on the next site, marketing or consultants. We lend to property development, construction and real estate businesses for working capital, as well as for land.

• →Real estate lending
• →Working capital loans