Construction Finance
Construction loans are aimed solely at customers who are building a residence or even a group of investment units.
St James Finance can arrange interest only payments whilst the construction is underway, making the process a little easier on your finances whilst still renting or bridging your current loan.
Construction loans are generally drawn down in stages. There are normally five draw downs. As per the lender’s requirements, at each of these stages a licensed valuer will inspect the property, insuring the construction process is moving smoothly and in accordance with the building contract and the bank’s requirements.
If you would like to know more about the construction loans process, please contact us.
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