Every development project has different conditions. Recently banks have restricted construction loan applications. At ZANK we can provide more flexible funding solutions based on developers’ interests.
The common challenge in development land loans arises from the high property value, with rental and other passive incomes often proving insufficient to cover monthly interest payments.
ZANK’s advantage in development land loans lies in the absence of upfront interest prepayment for the entire loan term. We accept short-term evaluation methods, such as the standard residential property assessment, offering higher LVR. Our streamlined process allows for fast settlement, aiming to provide clients with flexible funding solutions
Due to the rising interest rates, leases are unable to cover the current interest. and traditional bank require repayment of the principal.
ZANK’s commercial property loans offer a short-term solution. Borrowers are not required to pay a substantial amount of principal, allowing for the maintenance of the original property value and LVR. We accept various types of commercial properties, including non-renovated retail spaces, with an LVR of up to 65-70%