Why borrow with us?
- Fast loan approvals and turnaround
- Tailored property development finance
- Up to 90% funding of total cost of property development
- Creative funding solutions
- Flexible interest payment options
- Competitive pricing
- Lower requirement for construction loan pre-sales
- Early equity release
- Dedicated Relationship Management Team
- Access to networks and expertise
- Collaborative and fair approach
Ability to partner with purpose with the Payton Foundation
Payton Financing Solutions
Working Capital / Bridging Finance
Flexible servicing options – Lending guidelines
Business cashflow – providing working capital to borrowers, or to refinance an existing facility
| LVR | Up to 75% |
| Eligible security | Residential, commercial or industrial improved properties |
| Security type | First and second registered mortgage |
| Security location | Australia wide, CBD, metropolitan and major regional |
| Repayment structure | Interest only options include prepaid, capitalised or monthly |
| Loan terms | 3 months up to 3 years |
| Establishment fees | Negotiable |
Mezzanine
Up to 90% of Total Development Cost – Lending guidelines
Mezzanine – second ranking construction finance facility, reducing borrower’s initial equity contribution requirements
| LVR | Up to 80% of LVR or 90% of TDC |
| Eligible security | Property with an approved planning permit for a residential, commercial or industrial development |
| Security type | Registered second mortgage |
| Security location | Preference for Victoria, New South Wales and Queensland metropolitan or key regional location |
| Repayment structure | Interest is capitalised into the facility |
| Loan terms | 6 months up to 3 years |
| Establishment fees | Negotiable |
| Pre-sales | Relative to project exit strategy, typically nil to 30% GRV |
Development Site
Up to 60% funding with capitalised interest – Lending guidelines
Development Site – finance to assist with the acquisition or refinance of land to prepare the land for development
| LVR | Up to 60% |
| Eligible security | Infill or englobo land, ideally that already has, or is in the process of applying for, a development permit |
| Security type | First and second registered mortgage |
| Security location | Australia wide, CBD, metropolitan and major regional |
| Repayment structure | Interest only options include prepaid, capitalised or monthly |
| Loan terms | 3 months up to 3 years |
| Establishment fees | Negotiable |
Preferred Equity and Joint Venture
Up to 95% of development cost with interest payable at maturity – Lending guidelines
Preferred equity
| LVR | Up to 80% of LVR or 90% of TDC |
| Eligible security | Property with an approved planning permit for a residential, commercial or industrial development |
| Security type | Registered second mortgage |
| Security location | Preference for Victoria, New South Wales and Queensland metropolitan or key regional location |
| Repayment structure | Interest is capitalised into the facility |
| Loan terms | 6 months up to 3 years |
| Establishment fees | Negotiable |
| Pre-sales | Relative to project exit strategy, typically nil to 30% GRV |
Construction Projects
Lower pre-sale requirement and fast turnaround of progress claims – Lending guidelines
Construction Projects -finance for construction (built form and broadacre land subdivision) on a progressive monthly drawdown, cost to complete basis.
| LVR | Up to 70% of NRV |
| Eligible security | Property with an approved planning permit for a residential, commercial or industrial development |
| Security type | Registered first mortgage |
| Security location | Preference for Victoria, New South Wales and Queensland metropolitan or key regional location |
| Repayment structure | Interest is capitalised into the facility |
| Loan terms | 6 months up to 3 years |
| Establishment fees | Negotiable |
| Pre-sales | Relative to project exit strategy, typically nil to 30% GRV |
Retained Stock
Early equity release to fund your next project – Lending guidelines
Retained stock – early equity /profit release from a completed project to provide working capital to borrowers
| LVR | Up to 75% |
| Eligible security | Residential, commercial or industrial improved properties |
| Security type | First and second registered mortgage |
| Security location | Australia wide, CBD, metropolitan and regional |
| Repayment structure | Interest only options include prepaid, capitalised or monthly |
| Loan terms | 3 months up to 3 years |
| Establishment fees | Negotiable |
