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Industry Specific Perks

Builders

Industry Specific
Perks For Builders

At Madd Commercial, we understand that self-employed builders have unique needs when it comes to financing their projects. Commercial loans can be a vital resource for funding property development, but understanding the intricacies of commercial lending is crucial.

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Types Of Commercial Loans For Builders

There are several types of commercial loans that self-employed builders may consider:

Construction Loans

These are short-term loans used to finance the cost of construction. The loan amount is usually based on the projected value of the property after construction.

Land Development Loans

These loans are used to finance the purchase and development of raw land into a build-ready site.

Bridging Loans

These are short-term loans that provide quick financing for immediate needs, such as acquiring a property or starting a project while waiting for long-term financing.

Permanent Loans

These are long-term loans used to pay off short-term construction or bridging loans. They are typically secured by a mortgage on the completed property.

Understanding Loan-To-Value Ratio (LVR) And Debt-Service Coverage Ratio (DSCR)

LVR is a measure of the loan amount compared to the value of the property. A lower LVR means less risk for the lender, which could result in better loan terms.

DSCR is a measure of a property’s cash flow compared to its debt obligations. A higher DSCR indicates that the property generates sufficient income to cover its debts, which is a positive sign for lenders.

Importance Of A Solid Business Plan

Lenders will want to see a solid business plan that outlines your project, projected costs, expected timeline, and potential profitability. This helps the lender assess the viability of your project and your ability to repay the loan.

Role Of Personal And Business Credit

Your personal and business credit histories can impact your ability to secure a commercial loan. Lenders will look at your credit scores, repayment history, and existing debts when assessing your loan application.

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How Madd Commercial Can Help

Navigating the world of commercial lending can be complex. Working with a commercial lender like Madd Commercial, who understands the needs of self-employed builders, can be invaluable. We can guide you through the process, help you understand your options, and work with you to secure the best possible loan for your project.

At Madd Commercial, we’re not just a commercial lender – we’re your partner in achieving your property development goals. Contact us today to learn more about our commercial lending services for self-employed builders.

Talk To Our Team

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From securing your first business loan to managing mergers and acquisitions, our free service takes the stress out of navigating commercial finance. We offer our services Australia wide, so why not reach out to us today. Whether you’re looking to invest in commercial property, need cash flow finance, or seeking equipment finance, we’re here to help. We’d love to hear from you.

Industry Specific Perks

Builders

Industry Specific Perks For Builders