From Sub-division of the family property to residential housing estates, Approved All Loans Group has experience that can guide you through the process. Subdivision Finance is broken up into two main areas.
If you are sub-dividing a property with 4 or fewer units.
For larger properties, please contact us as the loan would be considered under business finance.
We can help you obtain finance the acquisition of the property, the costs for preparing the subdivision and also the costs of preparing the site. If a construction of houses or units is required we can arrange finance for these as well.
The loan-to-value ratio of finance we can obtain against the property depends on your individual circumstances. This can range from 80% to 95%. Please note that mortgage insurance (see glossary for explanation) is required when the amount of the loan you are borrowing is higher than 80% of the value of the property.
We look at your options such as built strata, vacant strata, strata title or survey strata and present different ways of financing the project that allow you to minimise risk and work within your budget. Also considered is whether your intention is to sell the properties once completed or retain them to obtain rental income.
At Approved All Loans group we have access to a large variety of lenders that operate this type of finance. Our constant research allows us to offer unparalleled insight into this market.