Property development funding isn’t one-size-fits-all.
At every stage of the project, lenders focus on different risks – and getting finance approved depends on knowing exactly what they care about.

Here’s the journey of Property Development Finance 👇

🔹 Landbank
Lenders check:

• Did you acquire at the right price?

• Planning potential of the site

• Sponsor strength & track record

• Holding costs, gearing levels

• Clear pathway to DA approval

🔹 DA Approved
With approval in place, value lifts – but lenders will test:

• Quality of the DA and conditions attached

• Developer’s ability to execute

• Transition plan into construction funding

🔹 Construction
The riskiest stage for lenders 💰:

• Builder capability & fixed-price contracts

• QS reporting and contingency

• Presales (if required)

• Most importantly: your exit strategy (settlements or residual stock loans)

🔹 Residual Stock
Completed project, now it’s all about sales risk:

• Debt coverage & sales velocity

• Market demand

• Credible plan for sell-down or refinance

🔹 Term Debt / Investment
Stabilised assets are judged on income security:

• Tenant strength & lease covenants

• WALE (weighted average lease expiry)

• Serviceability metrics (ICR / LVR)

• Clear path: long-term hold or investment sale

💡 Key takeaway
Different stage → different risk → different pricing.
A strong broker doesn’t just arrange finance for today, they map the whole journey – anticipating what lenders need and making sure the capital stack fits where your project is heading, not just where it stands now.