100% construction funding
100% construction funding including GST for turnkey homes with a Sale & Purchase Agreement in place.
How to use the product
A clear funding structure around the buyer, land, build contract and project margin.
Sale & Purchase
Mum & Dad buy from your Turnkey entity; 10% deposit into solicitor's trust.
Land contract
Only 5 to 10 percent deposit from your Turnkey entity required.
Build contract
Between your building company and your Turnkey entity.
Project margin
Minimum 10% margin across build + land.
Build schedule
Schedule must meet the contract.
Feasibility
Numbers must add up and contract be valid.
You can pass on or absorb our Turnkey fee, up to you.
Fees, drawdowns & project economics
Fee structure
Our Turnkey loan fee is based on a percentage of the build contract over the Sale & Purchase Agreement.
| Build cost % | Fee |
|---|---|
| Up to 40% | 3.00% |
| Up to 45% | 3.25% |
| Up to 50% | 3.50% |
| Up to 55% | 3.75% |
| Up to 60% | 4.00% |
Loan extension: 1.25% per month based on fully drawn loan amount.
(Extension applies from our minimum loan term of six months.)
Progress drawdowns
What this does for your business
Keep more cash available for other sites, overheads and growth.
Milestone funding aligns incoming cash with build progress.
A repeatable funding structure for approved builders running more projects.
Confidence for every party in the transaction.
Turnkey Funding approved builders can access a tailored non-completion guarantee package designed to meet lender requirements.
A non-completion guarantee is a requirement of using our product.