Construction Loan
Construction loans are suitable for developers who encounter short-term liquidity issues during development and construction, such as the need for working capital. In recent years, bank loans have generally tightened. Rongqiao Financial Group provides more flexible financing solutions based on the specific needs of developers.。
What is a construction loan?
A construction loan, also known as a development loan, is specifically designed to finance new construction projects or large-scale renovation projects. These loans are typically used for the construction of residential, commercial, or industrial properties.
If you already own a piece of land and are planning to develop it, requiring financial support, feel free to contact us at any time to discuss loan options.
Characteristics of construction loans:
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Short-term: Construction loans are typically short-term, with loan terms usually around one year, which is sufficient to complete the construction project.
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Staged disbursement: Loan funds are not disbursed all at once but released in stages based on the progress of the project.
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Interest payment method: During the construction period, borrowers typically only need to pay interest, while the repayment of the principal begins after the construction is completed.
Considerations when applying for a construction loan:
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Project budget: Ensure that the project budget is detailed and realistic, including all expected construction costs and additional expenses.
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Construction plan: Detailed construction schedules and plans need to be provided to demonstrate the feasibility and expected progress of the project.
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Borrower qualifications: Our risk management department will assess the borrower's (usually developers or individual investors) credit history, financial status, and project experience.
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Real estate and construction permits: The project must have proper land use rights and all necessary construction permits.
Why Choose Us
Customized
Customer First
Fast Approval
Fully Transparent
Personalized Service
Latest Success Projects
Property Address
Eastwood，NSW，2122
Loan Amount
$2,800,000
Approval Time
1 Day
Loan Type
Construction Loan
LVR
60%
Loan Term
12 Months
In the past two years, the construction industry has been hit by waves of material price increases, becoming an economic storm that has left countless builders in despair.
Amidst this crisis, many builders face a difficult choice: whether to pay material deposits in advance to lock in lower prices. However, the cumbersome approval process and lengthy disbursement period of bank loans fail to meet the urgent needs of the industry. Six months ago, a builder constructing duplexes in the bustling Eastwood area sought our assistance at Rongqiao Loans.
Facing the urgent need for funds, we provided efficient approval within 24 hours and disbursed funds within a week, ensuring that the construction progress was not hindered. With the support of Rongqiao Loans, the builder not only locked in materials at lower prices but also swiftly initiated the next phase of the project and purchased an adjacent plot of land. They said: Rongqiao Loans gave them the confidence to complete the project!
At a critical moment, we are not just a platform providing funds but also a strategic partner you can trust.
Recently, a builder successfully auctioned off two duplexes constructed with Rongqiao's financial support at a high price. They not only gained substantial profits from the project but also quickly embarked on the next project—constructing on another adjacent plot of land. Once again, the builder chose Rongqiao Loans, and we successfully prepared funds within an urgent timeframe, living up to expectations with professional and swift service, becoming a reliable assistant in the builder's career development.
Rongqiao Loans takes pride in meeting clients' rapid and flexible financing needs. We not only provide swift financial support but also prioritize establishing long-term cooperative relationships with clients, safeguarding their business development. We tailor loan solutions to your specific needs. Through our services, builders not only gain substantial profits from projects but also share in our mutual success.Rongqiao Loans looks forward to joining hands with you to create a brilliant future. If you have similar funding needs, we will always provide professional and efficient services to help your business soar.
Property Address
West Pennant Hills, NSW, 2125
Loan Amount
$3,200,000
Approval Time
1 Day
Loan Type
Construction Loan
LVR
55%
Loan Term
12 Months
/
Property Address
Yatala, QLD, 4207
Loan Amount
$1,800,000
Approval Time
1 Day
Loan Type
Construction Loan
LVR
50%
Loan Term
12 Months
/
Property Address
Greenacre, NSW, 2190
Loan Amount
$2,600,000
Approval Time
1 Day
Loan Type
Construction Loan
LVR
60%
Loan Term
12 Months
/