Multi-unit developments are classed as commercial business transactions by all lending institutions in Australia. For this reason, project funding must be sourced through a commercial lender.
Commercial finance is significantly different from traditional residential finance. The interest component on commercial finance will be capitalised during the development period, with the entire loan inclusive of interest being repaid to the lender upon settlement of the completed lots.
KingCorp has a clear understanding of the funding challenges that are faced by commercial borrowers. We will source and deliver the most competitive, flexible and innovative commercial finance solution tailored to your individual project.