CONSTRUCTION SOLUTIONS
Need A Mortgage offers four main types of construction funding:
Gross Realisation Funding
Gross Realisation Funding is funding against the end value of the product, generally after deduction of the GST payable under the margin scheme. Gross Realisation Funding packages can provide up to 100% of the hard costs of a development, and up to 80% of a projects end value. In most cases, presales are not required which eases pressure on the client to discount stock to achieve sales targets imposed by the lender. As a result, Gross Realisation Funding significantly reduces the client’s personal contribution to the project, and allows clients to maximise their investment through sales on completion of their project.
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