Property potential. Real project detail.
A property project can need different capital at acquisition, planning, construction and sell-down. The structure depends on the site, approvals, budget, experience, security and the proposed exit.
Project-stage guide
Choose a stage to see the funding question, structures to understand, documents lenders commonly assess and the risk that can change the plan. This guide is general education, not a credit decision.
Settle on land or an existing property before the development plan is ready.
A site-acquisition or land facility may fund the purchase. The eventual construction loan is a separate credit decision.
Current valuation, zoning, proposed use, borrower equity, planning pathway and an exit if approvals do not proceed.
An uncertain planning outcome can change value, gearing and the time needed to repay.
Carry the site and pay consultants while design and approvals are developed.
Pre-development or land-banking finance may be considered, often with interest and fees modelled into the holding cost.
Planning status, feasibility, site value, consultant reports, contingency and the pathway to approval or sale.
DA timing and conditions may alter project cost or prevent the proposed development.
Move from approval to a bankable construction budget and funding package.
A construction facility may replace site debt and provide staged drawdowns; some projects also use mezzanine or equity-style capital.
DA and building approvals, detailed feasibility, fixed-price contract where relevant, builder capacity, QS review, presales and developer experience.
A funding gap can emerge if cost-to-complete, contingency or presales differ from the original plan.
Fund approved works through progress claims as the project is built.
Construction debt generally draws in stages after independent certification. Interest may be paid or capitalised subject to the facility.
Updated cost-to-complete, QS reports, contracts, variations, presales, draw schedule and project monitoring.
Delays, variations, builder failure and cost escalation can exhaust contingency before completion.
Finish the project, obtain certificates and settle sales or convert the property to an investment hold.
Sale proceeds may repay construction debt; some projects refinance into investment or completed-stock finance.
Practical completion, occupancy, final valuation, settlement timetable, defects and the remaining debt balance.
Settlement delays and unsold units can extend interest costs beyond the original term.
Hold completed but unsold property while selling down or arranging a longer-term exit.
Residual-stock or completed-stock finance may refinance the construction lender, with repayments from sales or a refinance.
As-is valuation, remaining inventory, sales evidence, release prices, holding costs and a credible exit timetable.
A slower sales market can reduce proceeds and leave debt outstanding at maturity.
Capital structure
A site facility, senior construction debt, mezzanine finance and preferred equity sit at different points in the capital stack. Their cost, control rights and repayment priority differ. Ask a specialist adviser to model the whole project rather than comparing only a headline rate.
Acquisition, land banking, DA-pending and DA-approved sites.
Senior debt with staged draws, project monitoring and cost-to-complete checks.
Mezzanine, second mortgage or preferred equity when a project needs capital beyond senior debt.
Bridging, residual stock or investment refinance after practical completion.
Speak the language
Lender-owned public sources
These source notes explain the types of development funding described by each provider and how enquiries are directed. They are not standardised product offers or an endorsement.
Site acquisition, construction, residual stock, mezzanine and preferred equity are described on its borrower page.
Enquiry path: Mixed: borrower enquiries and commercial broker origination are both evidenced; the exact path depends on the facility.
Lender's funding page (opens in a new tab)Distribution source (opens in a new tab)
Its public lending pages describe pre-development, construction, residual stock and vacant-land structures.
Enquiry path: Broker and borrower enquiry are both referenced. Product-level access should be confirmed for a specific transaction.
Lender's funding page (opens in a new tab)Distribution source (opens in a new tab)
Its broker enquiry page states experience in construction and development finance.
Enquiry path: Broker enquiry: Keystone asks prospective borrowers to contact their finance broker. This is a lender-stated path, not a blanket sector rule.
Lender's funding page (opens in a new tab)Distribution source (opens in a new tab)
Its current financing page describes property development and construction loans, including project and exit factors it assesses.
Enquiry path: Direct borrower/developer and broker enquiry paths are both offered on its current form.
Lender's funding page (opens in a new tab)Distribution source (opens in a new tab)
Sources reviewed 30 September 2026. Product prices, limits and availability may change; verify the current lender terms.
Published marketplace records
The public comparison currently has 2 sourced products from 1 lender, last checked 29 Sept 2026. Specialist lenders above are described from their public sites; they are not added to product comparison until a complete, publishable product record has been verified.
2 products from 1 lenders
Interest-only finance for small to medium-sized multi-dwelling or commercial construction projects, from $100,000 over up to 3 years.
Why this appears
Final terms and eligibility depend on lender assessment.
Development exit finance for developers to refinance completed but unsold residential or commercial stock, $100,000 to $50 million over up to 5 years.
Why this appears
Final terms and eligibility depend on lender assessment.
No listed products match all of those filters.
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