Development / Construction Finance

Why use PMA to finance your client’s development or construction:

  • They need to construct a project but a ‘traditional lender’ won’t approve the loan
  • They’re looking to develop up to four residential units or lots with a loan amount of up to $5M
  • They’re looking for a loan secured by a 1st Mortgage

Development/Construction Finance Loan Terms

Loan Amount

Up to $5M


Up to 65% of the ‘as if complete’ value (max. LVR of 65% for major metro residential property, other security at lower LVRs)


1st Mortgage


Tailored to construction program

Development/Construction Finance

If your client is a property developer seeking funds to settle on a development site or get a building project off the ground, you’ve come to the right place. Private Mortgages Australia specialises in short-term development or construction finance used to finance a building or a real estate project.

Construction Finance for a development project can be complex and requires a lender that can think outside the box when providing crucial finance options for developers. Private Mortgages Australia understands the long-term goal is to realise maximum value at project’s end. Each development project is unique and a borrower may require a special facility that provides flexibility on progressive drawdowns, repayments and redraws.

PMA assists developers that may, for whatever reason, find it difficult to access project funding from mainstream sources. The nature of these projects can vary and include a small mixed-use development to multi townhouse developments.

CASE STUDY: Purchase of 36.8 Hectares Block of Land

The Borrowers have backgrounds in operating an earthmoving business.

The purpose of this loan is to complete the purchase of a 36.8 ha block of land in Port Wakefield, a coastal town in North Adelaide, South Australia.

The Borrowers can’t get bank finance as their latest financials are not up to date.

Security on offer is the 36.8 ha of vacant block with a DA for land subdivision and future construction in Port Wakefield, SA. The property has been recently rezoned to residential to create 351 housing blocks with block sizes ranging from approximately 620m2 to 1000m2.

The exit strategy is to complete financials and refinance out to construction finance.


Security Property Valuation: $2,190,000

Loan Amount: $1,288,750 (First Mortgage)

LVR: 58.85%

Interest Rate: 11.10%  p.a. 

Term: 3 months prepaid plus 6 monthly extensions

Port Wakefield

Ready to discover how PMA can help provide finance solutions for your business (or your client's business)? Submit a scenario now and we'll get in touch (4-business hours response time guaranteed!)

Submit a Scenario

Lending Process


Complete our
Quick App Form


Book a Call
with our head of relationships


After receiving the Application we’ll develop an Indicative Letter of Offer which includes an indicative interest rate.

Once the Offer is accepted a small assessment fee is charged to cover the searches we do in due diligence.


Once we’ve completed our due diligence, we’ll send a formal Letter of Offer. Once signed the loan documents are drawn up and sent to the Borrower’s solicitor.


Upon return of the fully executed documents the approval fee, legal costs and prepaid interest are deducted from the loan and the balance is paid to the Borrower.

Referrer fees are paid within 24 hours from settlement with no clawbacks.

We endeavor to make this process as quick as possible and can settle within 5 days upon receipt of all outstanding information.

Our Other Private Lending Solutions