Development finance is the funding category that supports property developers from site acquisition through to completion and sell-down. It can cover the purchase of land, the civil works needed to make a site build-ready, the construction itself, and the holding of completed but unsold stock at the back end. Most projects use a mix of these, layered through the project program.
Bank development finance tends to apply rigid criteria - construction starts within fixed windows, pre-sale targets often above 50% of expected revenue, full serviceability reviews, and metrics like Loan-to-Cost and Loan-to-Gross Development Value calibrated for risk-averse credit committees. That works for some projects. For many developers - first projects, no-presale builds, complex sites, or deals where timing matters - those criteria delay or kill the deal.
At CPF, development finance is asset-led and project-led. Assessment focuses on the site, the feasibility, the development approval, and a credible exit strategy. Drawdowns are staged against milestones, interest is capitalised, and there's no requirement to hit a fixed pre-sale percentage before settlement. Loans are Available to company and trust borrowers - including SPVs structured for a single project.
Up to
65% GRV on construction (up to 75% with second mortgage) Land
funding up to 70% plus 100% of approved project costs Low or
no pre-sale requirements
Capitalised interest - no monthly debt servicing during the term
Staged
drawdowns aligned with project milestones
Takeout funding available when the project completes
Asset-led assessment - no full serviceability test No
brokerage clawbacks - broker commissions stay paid
Securing the site quickly - auction, urgent settlement, or holding through DA approvals. Refinances cleanly to construction or subdivision when ready.
Civil works and titles - turning one site into multiple sellable lots. Up to 70% of land value plus 100% of project costs.
Staged drawdown funding for residential, commercial, and industrial construction. Up to 65% GRV (75% with second mortgage). Low or no pre-sales required.
Refinance completed but unsold stock at the end of the project - release equity for the next site or hold through sell-down without lender pressure.
Submit your project for assessment or speak with our team about end-to-end development finance for your next deal.
Funding solutions designed for property developers, investors, and brokers across Australia.
