Melbourne > Preston

Construction Finance Preston, Melbourne

Construction and development finance in Preston, Melbourne. Up to 80% of total development cost. Progressive drawdowns, interest capitalised. $1M-$25M+ for residential & mixed-use projects.

Areas served: Melbourne metro, Inner Metro, Western Growth Corridors, South East, Geelong, Mornington Peninsula

Why Brokers Choose Get Solutions in Melbourne

Fast Decisions

Preliminary assessment within 24-48 hours. No waiting weeks for credit committee.

Execution Certainty

When we say yes, we deliver. Our approval-to-settlement rate exceeds 95%.

Local Expertise

Deep understanding of Melbourne property markets and development corridors.

Broker Focused

We protect your client relationships and pay competitive commissions.

How It Works

1

Submit Your Scenario

Use our online form or call our credit team directly. We'll review within 24 hours.

2

Preliminary Assessment

We provide indicative terms, pricing, and any initial questions or requirements.

3

Due Diligence

Once you're comfortable, we complete valuation, legal, and credit approval.

4

Settlement

Documents signed, funds flow. Fast, professional, done.

Recent Melbourne Scenarios

A Preston developer secured DA for a 12-townhouse project but their bank couldn't fund until presales were achieved. We provided $8.5M development finance covering land and construction, allowing them to start building immediately.

A builder-developer in Preston was quoted 6 months for bank approval on a small apartment project. We assessed and approved $4.2M construction finance in 3 weeks, keeping the project on schedule.

These scenarios are illustrative examples based on typical transactions. Individual circumstances vary.

Frequently Asked Questions

What is the maximum loan-to-cost ratio for construction finance in Preston, Melbourne?

We can fund up to 75% on site settlements and up to 80% of total development cost for projects in Preston, Melbourne, depending on project specifics, location within Preston, Melbourne, and developer experience.

How are construction drawdowns managed?

Progressive drawdowns are released against construction milestones, certified by an independent Quantity Surveyor. This ensures funds are used for intended purposes and the project stays on track.

How long does approval take for construction finance?

Preliminary assessment is typically within 48 hours. Full approval depends on project complexity, but straightforward scenarios can be approved within 2-3 weeks subject to valuation and documentation.

What developer experience is required?

At least one completed project is preferred, but we consider first-time developers in Preston, Melbourne with strong teams, conservative project profiles, and experienced builders.

What types of projects do you fund in Preston, Melbourne?

We fund residential developments (townhouses, apartments, house and land), mixed-use projects, and select commercial developments in Preston, Melbourne and surrounding areas.

Ready to Get Started?

Submit your scenario today and get a preliminary assessment within 24 hours.