Pre-Sale Shortfall Finance Gives Your Construction Project The Spur it Needs To Succeed
- Leverage pre-sale shortfall finance to obtain full funding and get your project underway in less time
- Get financing for up to $15M based on predicted pre-sales
- Only 60% of your agreed pre-sale target is required
- Get expert help to estimate return on investments
Looking for pre-sale shortfall finance?
Talk to one of our finance specialists today.Benefits of pre-sale shortfall finance
Many lenders will only agree to provide funding if a pre-sale target is reached. This target will be a fixed monetary value based on the pre-sales of the units in your development. However, if a developer is unable to secure the pre-sale value and find themselves ineligible for funding, pre-sale shortfall finance is designed to fill this gap, providing the additional pre-sale value required to begin construction.
Shortfall financing bridges the gap between a plan and a profitable development and is geared towards developers with a workable plan, but who have been unable to acquire pre-sales up to the value required. These pre-sales must be equivalent to 60% of the total agreed value, to which pre-sale shortfall financing can add up to $15M in funding.
If you are interested in our pre-sales shortfall finance solution, give our team of experts a call today.
Pre-sale shortfall financing requirements
Pre-sale shortfall finance is not suitable for developers who require full project funding, as a project must already have a financing agreement in place with a designated pre-sale target to enable us to assess how much backing is required.
Once documentary evidence of this agreement and a fixed pre-sale target have been reached, we will require evidence of pre-sales which have already been finalised. These pre-sales must be equivalent to 60% of the total agreed value, to which the pre-sale shortfall finance product can add up to $15M in funding.
Is pre-sale shortfall financing right for you?
If your development does not meet the requirements above, there are other available options you can investigate. We offer a range of residential construction finance solutions to help you see your development plans through to realisation.
If you are interested in our pre-sales shortfall finance solution, or would like more information on the best product for your specific plans, give our team of experts a call today.