Building a new home, a duplex, or a commercial property is an exciting undertaking. However, the financing process for construction is fundamentally different from a standard home loan. It requires careful, stage-by-stage planning and precise management to align with the build schedule and cash flow requirements.
At SafeHaven Finance, we understand that construction loans require specialised knowledge. We're here to help you structure the finance correctly from the ground up, ensuring a stable financial foundation for your entire project, whether it's a personal residential development or a larger commercial venture.
Managing Your Project Finance, Stage by Stage
Construction finance is typically released in increments (drawdowns) as the project hits predefined stages. We help simplify this complex process by focusing on critical areas:
- Structuring Loans to Suit Project Stages: We help compare loan options that align the release of funds (drawdowns) with the various construction phases like slab down, frame up, lock-up, and completion. This ensures you have the capital exactly when your builder needs it.
- Understanding Interest Payments During Construction: We clarify how interest works, as it’s typically charged only on the funds already drawn, helping you manage and budget for costs during the build.
- Payment Coordination: We streamline the process of coordinating disbursements and valuations with builders and contractors, ensuring timely release of funds to keep your project on schedule.
- Ensuring Timely Approvals and Compliance: We manage the specific paperwork including detailed plans and contracts to help ensure prompt submission and timely lender approvals.
Focus on the Build, We Handle the Finance
Building is a full-time job. With our guidance, you can concentrate on managing the design and the build quality, knowing that the financial details are being managed precisely and thoughtfully. We aim to make the funding side of your project as simple and predictable as possible.
Ready to start your financial journey?
From your first home to your next business venture, I'm here to help you.