Solutions / Development
Project Recovery Finance
Completion capital for stalled or partially completed developments
Overview
The project gets finished — not sold unfinished.
Rescue capital for developments stalled due to builder failure, cost overruns, or funding gaps. First or second mortgage positions with staged drawdowns to reach practical completion.
Best For
- Projects stalled due to builder failure or cost overruns
- Partially completed developments requiring capital to reach OC
- Rescue scenarios where speed and execution matter most
Key Features
- Completion capital for stalled developments
- First or second mortgage positions available
- Staged drawdowns to practical completion
- 12-18 month terms
- LVR up to 80% on completion value
- Loan sizes from $250k to $10m
Parameters
Eligibility criteria
Project Status
Partially completed, stalled, or builder default
LVR
Up to 80% on completion value
Minimum Loan
$250,000
Maximum Loan
$10,000,000
Term
12-18 months
Location
Metro and major regional Australia
Pricing
Indicative fees
Indicative only. All pricing is set by the lender and subject to credit assessment, security quality, and borrower profile.
Establishment Fee
2-3%
Of loan amount
Interest Rate
12-16% p.a.
Higher risk premium for rescue scenarios
Exit Fee
Nil
Checklist
Required documents
01
Borrower ID
For all directors/trustees
02
Entity Documentation
03
QS Report
Cost to complete assessment
04
Approved Plans
Current approved drawings
05
As-If-Complete Valuation
06
New Builder Quote
If replacing builder
07
Existing Loan Details
If taking second mortgage
All applications subject to credit approval. Independent QS assessment required. New builder approval may be required.
What situations qualify for project recovery finance?
Projects stalled due to builder failure, insolvency, cost overruns, funding gaps, or disputes may qualify for completion capital arranged through our funding partners.
Can funding be arranged behind an existing lender?
Yes, funding partners can take first mortgage (refinancing existing debt) or second mortgage positions depending on the situation.
How is cost to complete assessed?
An independent Quantity Surveyor prepares a cost-to-complete report, which forms the basis of the lender's funding assessment.
What if the builder has failed?
We work with borrowers to appoint a replacement builder. The new builder must be approved by the lender and provide a fixed-price or GMP contract.
Coverage
Project Recovery (Stall'd™) by Location
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Have a scenario that fits? Let's look at it.
Submit your scenario and get a preliminary assessment within 24 hours.