.png)
DEVELOPMENT LOANS
Century21 Financial specialise in development funding,
We have helped many developers find the right finance partner to help you complete your project.
Lender criteria for development finance:
Lenders will look at several areas when considering if they will provide finance for a development project.
Experience
Experience can be a key factor in securing finance for property development. While new developers may face additional requirements, such as providing more capital or facing tighter borrowing limits, they are still eligible for funding. Many lenders may require new developers to work with an approved, experienced project manager to improve the chances of securing suitable finance.
Equity
The amount of equity you bring to a development project—whether as a deposit or capital—can significantly impact your application’s success. A strong equity stake reduces the lender’s risk, making your project more attractive to finance and potentially lowering overall development costs for you.
Location
The location of your proposed development is crucial in obtaining property development finance. Lenders will evaluate not only the site’s suitability for the project but also consider factors such as the surrounding area and population, which can influence the project’s viability and future demand.
Profit Potential
At Century21 Financial, we understand that building a new home is both a major investment and a complex process. Our experienced advisers are here to provide guidance and support from the initial loan application to the final transition to a traditional mortgage. We’ll help you navigate the requirements and timelines involved in a Construction Loan, giving you the confidence to manage your build and ensure timely payments. Get in touch with Century21 Financial today to learn more about how our Construction Loan can make your dream home a reality.
Let's Discuss
Your Next Project
Fill out the form, or call us to
set up a free consultation.
Service Areas:
all throughout New Zealand
Level 1, 6 Burgess Road, Johnsonville, Wellington 6037