For many years, Uniik Finance clients have been growing their wealth through carefully planned residential or commercial property development. To do so, we have access to construction and development finance for most residential developments involving low and high rise level projects. Nevertheless, finance is available from major banks as well as private funders/investors. Our key focus is the asset and the business plan.
Majority of our residential construction lending requires minimal pre-sales, depending on the debt level and or overall asset and exit position. This allows the developers not to discount heavily at the start. Stronger developers with a high demand product and lower debt levels require no pre-sales.
At Uniik Finance, we look to minimise your use of capital for the initial purchase as well as provide flexibility for the next projects.
- A development loan to cover the purchase, development and pre-construction costs
- A construction loan to cover the building of a project
- An investment loan if you intend to retain your project as a long term investment
For larger projects most lenders require a certain level of presales to minimize their risk. They may require about 50% of the project to be presold before they can provide the development finance.
- Call us for an appointment to discuss your current financial position and goals
- We will find the best lender and product to suit your needs and complete the necessary application forms
- Your application will be submitted and an approval obtained in a timely manner
- We’ll stay in touch and keep you updated right through to settlement