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Finance

Fund property development with clarity.

Development finance may fund construction, conversion or refurbishment projects, typically released in stages.

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Tera is a credit broker, not a lender. Any finance is subject to status and the terms of the finance provider.

Overview

Development finance provides funding for property development projects, usually released in tranches as work progresses.

How it works

Funding is released in stages linked to project milestones. The facility is typically repaid through sale or refinance on completion.

Common uses

  • New build developments
  • Conversions and refurbishments
  • Mixed-use projects
  • Ground-up development

Benefits

  • Staged drawdowns match project progress
  • May fund both land and build costs
  • Experienced developers may access competitive terms

Considerations

  • Detailed project plans and costings required
  • Monitoring and valuations during the build
  • Experience and track record considered
  • Contingency planning is important

Information required

  • Project plans and cost breakdown
  • Planning permissions
  • Developer experience and track record
  • Exit strategy and sales projections

Who may consider

  • Experienced property developers
  • Businesses converting or extending property
  • Investors with clear project plans

The process

  1. 1.Share project details through Tera's assessment
  2. 2.Provide plans, costings and permissions
  3. 3.Review development finance options
  4. 4.Complete monitoring and drawdown process with provider

Example: office conversion

A developer converting commercial space to residential units may use development finance, drawn down as conversion milestones are reached.

This is an illustrative example only. Suitability depends on individual circumstances.

Development finance FAQs

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