Urgent Short Term Loans to Settle Your Land Purchase

Yes, where the numbers fit. The loan is secured by a first mortgage over each of the 12 titles. Our in-house valuers assess what the lots are worth sold together today, which can be lower than the total of 12 separate lot prices, and we lend up to 70% of the lower of that value and the price your company pays. Ask the receiver's agent for the contract, the title searches and site access as soon as your offer is accepted, and send them to us the same day. Receiver sales often run to tight settlement dates, so book the valuation in the first week of the 28 days.

• →Distressed property purchase loans

Either can work. Our limit is 70% of the lower of the assessed value and the price across all loans on the land: 70% of $3,200,000 is $2,240,000, and the bank's 50% is $1,600,000. That leaves room for a second mortgage of up to $640,000 behind the bank, where the bank's terms allow one. The other option is a first mortgage from us for up to $2,240,000 in place of the bank loan. Send us the bank's approval letter and we can tell you which suits your settlement date.

• →Second mortgage finance

Up to $1,260,000, which is 70% of $1,800,000, if our valuation comes in at or above the price. The balance due at settlement is $1,620,000 after your $180,000 deposit, so about $360,000 plus stamp duty has to come from cash or from another property you own, added as security. Fourteen days is enough time for us when the title is clear and the valuer can access the land, so send the contract with your first call.

Yes. The company is the borrower and receives the loan, and your investment property is added as security alongside the land. The 70% limit is worked out across both properties together, less anything still owing on the investment property. Send us the contract and a recent statement for any loan on the investment property, and we can work out the total.

Our valuer values it as it stands today, with the old house on it. We never lend on the value of the finished duplex, because that value only exists once it is built and sold. The loan covers the purchase while you prepare the development application and arrange a construction loan, which usually repays us when building starts. It needs to be an investment, not a home you will live in, and we do not fund the demolition or the build.

Yes. We give an indicative offer within hours, and settlement can follow within 24 hours of a signed letter of offer once the land is valued and the title is clear. On a purchase we lend on the lower of the assessed value and the price, so the discount reduces the loan as well: 70% of $2,350,000 is $1,645,000. Call us before you sign the unconditional contract, so you know the loan amount first.

It can, where the land can be valued and the title is clear. Settlement can follow within 24 hours of a signed letter of offer. The number of days the notice gives you is set by your contract and the law in your state, so have your solicitor confirm the final date. Give us that date on the first call, with the contract and the notice.

• →Urgent finance when the bank finance fell through

Yes. Vacant land can secure the loan, and 70% of $1,000,000 is $700,000, which covers the $600,000 you need. If the second purchase also needs a loan at settlement, both blocks can be used, with the 70% limit worked out across the two. Tell us what is due on each date, so the loans are set up in the right order.

• →Urgent deposit funding

Yes. A construction loan that repays us when building starts is one of the usual ways a land loan with us is repaid. We set the term to match your construction timeline, anywhere from 1 to 24 months, so ask for a term with time to spare beyond six months. Send us any approval or term sheet from the construction lender with the contract.

Up to about $1,590,000, lent to the company. Together the two properties are worth $2,700,000, 70% of that is $1,890,000, and the $300,000 already owing is subtracted from it. That covers the $1,500,000 price with about $90,000 left toward stamp duty and settlement costs, which may not cover all of the duty. A first mortgage over the block with a second mortgage over the investment property is one way to set it up, and our valuation of both properties decides the final figure.

Yes. We lend on vacant industrial land, and our terms run up to 24 months. We will ask how the loan is repaid at the end of the term, for example by the construction lender that funds the warehouse or a refinance to a bank. Because 24 months is our longest term, plan for the development application and the construction finance to be in place before it ends.

Yes. We lend on vacant residential, commercial and industrial land, with or without a development approval. Without a DA, the loan is based on the land as it stands today, so the amount may be lower than on an approved site. The maximum LVR is 70% of the assessed value, and another property can be added as security if you need more.

Three days is usually enough, and same-day funding is possible depending on your scenario. The main factors are how quickly our valuer can inspect the land and whether the title is clear. Call us on 1300 795 175 as soon as you have the contract, and arrange site access with the agent at the same time.

• →$4 million DA-approved site settled in 24 hours
• →$271,000 approved within 4 hours for a next-day settlement
• →$3.2 million funded in 24 hours

We cannot lend the full price against the land alone. On a purchase we lend up to 70% of the lower of the assessed value and the price. If you need more, a first or second mortgage over another property you own can make up the difference, as long as the total borrowing stays within 70% of the combined value.

Yes. Our terms run up to 24 months, and holding land while a DA or rezoning progresses is a common reason for a longer term. Interest can be capitalised into the loan, so you are not making monthly payments while the land earns no income. We will ask for the approval timeline and your plan once it is approved.

Yes, the loan can include stamp duty and settlement costs, as long as the total stays within 70% of the assessed value of the property security. Many buyers use the equity in a property they already own to cover the duty and keep their cash for the next stage.

Yes. A bank decline on land usually comes down to the bank's policy on vacant land or its income requirements, not the value of the land. We assess the land, your equity and your plan for repaying the loan. Send us the decline letter if you have one, as it shows us what the bank needed.

Yes. Alongside land purchases, we fund property developers and builders for consultant fees, deposits on the next site and costs that fall due before a project sells. We also lend to real estate businesses and a range of other industries for cash flow and working capital.

• →Property development lending
• →Construction lending
• →Working capital loans

No. We lend for business purposes only, such as land for a development, an investment or a business premises. Land for your own home is consumer lending, which follows different rules, and a bank or mortgage broker is the right place to start.