Construction and
Development Finance
We provide first mortgage funding for property development and construction projects, such as:
Single and multi residential property development
Commercial property development
Reclad and remediation of weather tightness issues
Structural strengthening
Interest can be capitalised or part-capitalised and, as a matter of course, we meet the beneficial borrower and inspect the property prior to draw down on the facility.
Indicative lending terms are:
Facility up to $20.000m
Term up to 24 months
Interest Rates typically from 7.95% p.a.
Pre-Sale Threshold usually not required
Finance Fee of 2.00% (excludes brokerage commission)
Monthly Line Fee of 0.15%-0.25%
What people are saying
“I dealt with Warren to refinance a large loan against a completed construction project. I was impressed by Warren’s positive approach, knowledge of the market and proactive attitude. He responded promptly with approval and only a few conditions to satisfy. He expedited the approval process efficiently, his timely response and advice around lending makes him stand out. Individuals of Warren’s calibre are instrumental to Cressida Capital’s growth and success. I wish him good luck.”
