Finance the dream

We hear you: show you the money!

Prefabrication or modular building requires a specialised form of financing.

Traditionally, banks will finance construction loans using a progress drawdown method, where they release funds to the builder as construction progresses. The bank will send out a valuer at each stage of the build to confirm that work is being completed in line with the contract.

Having your home prefabricated off site presents some unique challenges from a financing perspective because the valuer can’t come out to the site to confirm how construction is going. For this reason, during construction, banks will typically lend funds based on the land value of the property as opposed to the ‘on-completion’ value of the property.

 This leaves you with a few options for financing:

  1. Borrow against land value

  2. Borrow against other properties

  3. Build in two stages

Talk to us about your options and the possibility of Prefabulous flexible progress payments.

Ian Robinson - Robinson Sewell Partners - Ian 0448 697 674
https://robinsonsewell.com.au/contact/
Commercial POD financing for rural and agribusiness ventures

Will Foster - Will Foster Finance 0433 141 559 or
will@fosterfinance.com.au.
Residential Financing