Development Finance

At Icon Money, we specialise in development finance, providing clients with flexible and tailored financing solutions that meet their unique needs. Our expertise ensures you don't have to face these challenges alone. With access to development finance options from banks and lenders across Australia, Icon Money is here to simplify your journey, whether you're planning a new build, demolition, or home improvement.

To successfully secure development finance, understanding the nuances of the process is vital. We offer a streamlined application process designed to help you secure the loan amount you need efficiently. Our approach guarantees that you only face interest charges on progressive drawdowns—exactly the amount drawn down at any given time. This feature is particularly beneficial when you consider that in many development projects, costs are incurred in stages. We also offer interest-only repayment options, allowing you to manage expenses more flexibly. These options can be particularly advantageous when dealing with small to medium-sized development projects, helping you maintain financial stability as you work towards construction milestones.

In choosing an ideal location, it's essential to consider factors like the price range and council restrictions. Icon Money ensures you are equipped with the knowledge to navigate these important considerations. Our team guides you through understanding council regulations and identifying suitable land for your development needs. Whether you're developing a new build or planning to demolish an existing property, our experts assist in submitting a comprehensive development application, crucial for a smooth approval process.

One often overlooked aspect is accounting for Out of Contract Items not included in the initial scope of work. These could arise at any stage, from early construction phases to later progress payments. Icon Money's advisors work closely with you to identify potential additional costs, ensuring there are no surprises. We focus on keeping your project within budget, with flexible financing options that accommodate such uncertainties.

Moreover, progressive drawdowns align perfectly with your project needs, allowing for instalments based on construction progress. This method ties your financing directly to construction milestones, ensuring that you retain control over the project's financials at every stage. Our extensive experience means we can help you navigate both standard requirements and any unique hurdles that might arise.

Once the development is complete, many clients choose to refinance to a more traditional loan type. Alternatively, you might consider a home improvement loan to enhance the new property or make necessary adjustments in adherence to any unforeseen council regulations. Icon Money offers guidance tailored to each route you might consider.

Our commitment is to support you from application to final build, ensuring that every aspect is manageable and clear. We focus on providing unmatched service, using our expertise to make complex financial arrangements feel straightforward. By aligning yourself with Icon Money, you open doors to opportunities that save time and money, while also realising your vision successfully.

Discover the possibilities that await your next project with Icon Money. Contact us today to explore how our development finance solutions can elevate your ambitions, turning small to medium-sized development projects into tangible realities. Begin your journey with us and unlock the potential of financing that is truly tailored to your needs, securing a prosperous future for your investments.