Low Doc Construction

Low Doc construction loans cater to individuals and entities involved in construction projects who may encounter difficulties providing traditional income documentation. Here are examples of who may use Low Doc construction loans:

  • Small contractors and builders: Independent contractors and small-scale builders may find it challenging to provide extensive financial documentation required by traditional lenders for construction loans. Low Doc construction loans offer a simplified alternative, allowing them to secure financing for construction projects without the hassle of extensive income verification.
  • Real estate developers: Developers involved in residential or commercial construction projects often opt for Low Doc construction loans due to the complexity and fluctuating nature of their income streams. These loans provide flexibility in income documentation requirements, enabling developers to access the necessary funds to initiate and complete construction projects efficiently.
  • Self-employed construction professionals: Architects, engineers, and other construction professionals who are self-employed may have irregular income patterns or difficulty providing traditional income documentation. Low Doc construction loans accommodate these individuals by considering alternative forms of income verification, such as bank statements or project contracts, making it easier for them to secure financing for construction projects.
  • Property investors: Investors looking to build or renovate properties as part of their investment strategy may utilize Low Doc construction loans to fund their projects. These investors may have complex financial portfolios and difficulty providing traditional income documentation required by conventional lenders. Low Doc construction loans offer a streamlined alternative, enabling investors to access the capital needed for construction projects without extensive income verification.
  • Small business owners expanding their facilities: Entrepreneurs looking to expand their business facilities or construct new commercial spaces may opt for Low Doc construction loans to finance their projects. These business owners may face challenges providing traditional income documentation due to the nature of their businesses or limited operating history. Low Doc construction loans provide a flexible financing solution, allowing them to pursue expansion opportunities without the extensive paperwork typically associated with construction loans.

Overall, Low Doc construction loans offer a simplified financing option for individuals and entities involved in construction projects who may have difficulty meeting the stringent documentation requirements of traditional lenders. These loans provide flexibility in income verification, enabling borrowers to access the capital needed to initiate and complete construction projects efficiently and support their growth and investment objectives.

Loan Details

Purpose

Ground Up Construction/Partially Complete

Loan Type

Low Doc

Borrower Type

Company and Corporate Trust Borrower

Loan Amount

$1,000,000 - $5,000,000 per security

Repayment Type

Interest Only – all interest and fees can be capitalized into facility

LVR

Max 70% ex GST

Security Type

Residential House
Structural Renovations
Duplexes
Townhouses

Term

Up to 18 months – no presale required, sell on competition to maximise ROI
Valuation Report, Quantity Surveyor's Report, Building Contract, Tripartite Agreement between lender, developer and builder

Rates

Case by Case depending on risk, security type and location

Fees

Case by Case depending on risk

Documentation

Refer Applications Section
* The above is for reference purposes only and is subject to credit approval and is subject to change at any time