Construction Loan Australia

As a leading construction loan lender Drexel offers builder construction loans to clients who are building a new home or renovating. We understand the long-term goal in construction development is to achieve maximum value at a project’s end. Each construction and development project is unique and a borrower may require a specific loan that provides flexibility on progressive draw downs, repayments and redraws.

Our construction loans serve to minimise client mortgage repayments until the new home is completed at which time the construction mortgage loan reverts to a normal variable rate or fixed interest loan.

How Construction Loan Financing works

Construction loans are a version of a standard home loan which rolls out in stages as different phases of the land purchase and house construction unfold. Borrowing options are just as flexible as home loan options and choices are driven by individual situations.

A construction loan can be as flexible as required, whereby funds are drawn upon as the builder completes various agreed milestones in the construction of your new or renovated home. These may include:

When concrete or timber flooring is laid
When the framework or walls are erected
When the house reaches lockup stage

Benefits of Construction Loans

A construction loan usually operates as an interest only loan until construction is completed.
Clients provide invoices to Drexel. We in turn control payments to the builder.
Drexel will provide an expert to monitor the construction process and approve progress claims.
All the standard benefits of a normal variable or fixed rate loan also apply.

Commercial Construction Loans

A commercial construction loan is aloansecured against commercial property for the purpose of constructing a building or improving existing real estate.

If your business involves the development of apartment blocks, office buildings, industrial warehouses or any other type of income producing property, then Drexel is able to secure the best construction loans to suit your needs. Our team of professionals are able to draw on a network of professionals skilled in the development industry as well as financial brokers and the best available interest rates. Loans are offered as either secured or unsecured and are available as short or long term loans.

Drexel provides construction loan services to clients within the entire development industry, from large developers to smaller independent or residential investors.

Whether based in Brisbane the Gold Coast or anywhere in Queensland, we will source the appropriate construction loan for you to realize your dreams.