Land Bridging Finance
Fast, flexible and competitive short-term bridging loans
As one of Australia’s leading commercial lenders, Aquamore is highly experienced in securing land bridging finance arrangements for business clients nationwide. We help developers meet their objectives by providing short-term finance. Speak to your finance broker about obtaining a land bridging loan to keep your commercial real estate projects on track.
How Bridging Loans Work
A short-term loan, bridging finance enables the purchase of a new investment property whilst waiting for the existing property to sell. The facility helps to minimise delays and maintain business momentum for the property development project.
Benefits of Land Finance
There are many benefits to this type of business finance. Here are a few reasons why businesses use land finance:
- Loans can be used for various purposes, including covering construction costs and refinancing.
- Financing helps avoid delays and enables business owners to seize opportunities that might not be available for long.
- Short-term business loans can facilitate quick project completion and a smooth transition to more permanent financing.
- Short-term funding supports property portfolio expansion.
- Quick and affordable loans provide fast capital for time-sensitive projects.
Secure Short-Term Finance with Aquamore
Our team comprises commercial finance specialists available nationwide to offer brokers alternative commercial finance solutions.
Since our establishment in 2016, we’ve written approximately $7.5M in loans for Australian businesses. We hold both credit and AFSL licenses and are subject to external auditing by KPMG.
We’re committed to driving growth through commercial development for Australian organisations. Here’s how:
- Quick online loan application & approval process.
- Flexible loan terms, details and timelines.
- Support team to help brokers - particularly with complicated scenarios.
- Competitive land bridging loan rates and terms.
- Will consider varying credit profiles.
Contact Us About Land Acquisition
Have your broker contact us with any questions regarding bridging finance for land. Our friendly and knowledgeable team is here to help.
FAQS About Bridging Loans for Land
A bridging loan is a type of short-term finance that enables businesses to address a shortfall in funding. For instance, for developers, this may help smooth cash flow while waiting to obtain final DA approval or purchase materials required to commence construction while longer-term funding arrangements are finalised.
A pre-arranged amount of finance is provided based on specific rates, terms and usage. The lender will receive repayment of the original amount plus interest at an agreed rate.
Here’s an example:
Usage: Short-term property finance enabled an Australian-owned building company that specialises in developing affordable housing to secure five building sites located in QLD and NSW.
Amount: $3,490,500
Purpose: Land purchase for several affordable housing developments.
Term: 12 months
LVR: 60%; interest paid monthly.
Loan structure:
- First registered mortgage security over all five properties
- First Ranking General Security Agreement over all the assets and undertakings of the Borrower
- Share mortgage over the borrower
- Directors’ and/or Personal Guarantees of the borrower
Interest rates vary depending on the loan type (Full Doc, Alt Doc or No Doc loan), amount, term, LVR and usage.
Apply Now via our online application form or to find out more about how we can help and to speak to a member of the Aquamore team, you can contact us by phone or email today to arrange an appointment.
