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Construction Loans

Loans for builders

If you’re a builder requiring a construction loan for a side-hustle, a lick & flick, an investment property, or bringing an “as is where is” house up to an insurable standard, then Alternate Finance would love to partner with you.

In fact, even if you just need funding for tools or vehicles, Alternate helps with loans for builders in the form of equipment loans; we’ve got you covered. Alternate Finance likes to partner with growing building companies, so reach out, and if we can establish a win/win outcome, you’ll have access to the funding you need.

Construction Loans
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Loans For Construction

The term “construction loans” is usually finance for the materials you need, but it also extends to lending you the capital to purchased a distressed home to renovate and resell. Joint ventures or bridging capital is our favourite type of loans for builders. If you have reasonable securities, we’d love to partner with your business and help you grow.

Builder Finance

Builder finance varies in its interest rates, depending on the size of the loan you’re looking for and what period you want the loan for. If it’s a large loan you’re looking for to purchase a property, and you only need the loan for the duration of the repairs until completion, and it’s sold, then there’s a high chance we’ll give you an excellent interest rate that works with your business model. It’s not a second mortgage; it’s a short term partnership that can help you make financial advances you usually couldn’t afford to fund.

Get loans for builders from Alternate Finance with the freedom of loan repayments spread over 36 months, unless arranged otherwise. You’ll receive an email with an annual interest rate ranging between 13.95% & 26.98% p.a. for your short term builder finance loans.

For further details, including, our loan default interest rate guide, please view our rates and fees here.

If you want builder finance from Alternate, it’s important that you understand our terms of trade in detail. We are responsible lenders and want you to know the conditions. When making an application for loans, you’re granting Alternate Finance Limited permissions to store your sensitive information. Our company will endeavour to keep all information on the Alternate Finance website accurate and up to date, relating to your loan for business investment. If you find an error, and if brought to our attention in writing, we will rectify it within a reasonable timeframe. For more information relating to the terms of your financing, please view this page.

Your details are data protected when applying for a construction loan, as we have end-to-end encryption on all of our webforms. All loan information you provide will be treated confidentially and you can have confidence that your loan application will remain secure.

Get loans for builders from Alternate Finance with the freedom of loan repayments spread over 36 months, unless arranged otherwise. You’ll receive an email with an annual interest rate ranging between 13.95% & 26.98% p.a. for your short term builder finance loans.

For further details, including, our loan default interest rate guide, please view our rates and fees here.

If you want builder finance from Alternate, it’s important that you understand our terms of trade in detail. We are responsible lenders and want you to know the conditions. When making an application for loans, you’re granting Alternate Finance Limited permissions to store your sensitive information. Our company will endeavour to keep all information on the Alternate Finance website accurate and up to date, relating to your loan for business investment. If you find an error, and if brought to our attention in writing, we will rectify it within a reasonable timeframe. For more information relating to the terms of your financing, please view this page.

Your details are data protected when applying for a construction loan, as we have end-to-end encryption on all of our webforms. All loan information you provide will be treated confidentially and you can have confidence that your loan application will remain secure.

Did You Know?

Joint venture or builder finance?

Joint venture or builder finance?

Loans for builders who want to repair and flip a distressed house can come in the form of a joint venture. This is where Alternate Finance would provide the money, and you provide the construction repairs.

Security needed for construction loans.

Security needed for construction loans.

Construction loans are often requested when the builder has no capital nor any security to provide us. It makes sense that you'd need a loan for the materials to complete a job, but Alternate needs some form of security in case you don't get paid or if the job is disputed. If we can jump these hurdles, then we'll happily help.

What If I default on JV repayments?

What If I default on JV repayments?

When in a joint venture, it's a partnership. The first thing we do is try and work out a repayment schedule that will work without defaulting and not putting you under cash flow pressure. In the unlikely situation that you're financially overcommitted beyond repair, then the property will be sold, and Alternate will take its share according to the security clause. It's simple, clean, and it's unlikely you'll be chased for funds because the house has a value that will most likely satisfy any debt.

Is builder finance bridging finance?

Is builder finance bridging finance?

In some cases, yes. We can bridge the gap when the building you purchase is uninsurable, and therefore you can't get a loan from the bank. You'll then make the required repairs, which is usually within a six month period, and reinsure, apply for a mortgage or sell the property at a considerable profit. The capital will be repaid upon sale or refinancing with the bank.

Other types of loans for builders.

Other types of loans for builders.

If you're in the building industry, you'll need the right tools and the right financial partner. At various time throughout your career it's likely you'll be interested in our other business loans such as asset finance, allowing you to buy tools and vehicles, venture capital, equipment finance and small business loans.

Difficult to get a construction loan?

Difficult to get a construction loan?

It's not difficult, assuming you have a history of success and a decent credit rating personally. If you've completed projects similar to the one you're requesting funding for at a profit and you can prove it, then it would almost be a no-brainer for a finance company to decline your application. Most importantly, there needs to be some form of security, which is often the investment property itself or the assets, such as tools and various other items.

Contact our friendly team for more information about construction loans