Complete remaining works
Fund a verified construction scope through controlled progress payments and project monitoring.
COST TO COMPLETE FINANCE · AUSTRALIA
Finance for eligible property developments where the current debt, work completed, remaining scope, contingency and path to repayment can be independently tested. Every structure is subject to valuation, due diligence and lender criteria.
Compare completion funding with the wider project structure: our development finance product matrix covers acquisition, construction, cost-to-complete, exit and residual stock.
Budget shortfallVerified remaining cost exceeds available funds
Stopped drawdownsExisting lender will not release further capital
Cost overrunsRevised scope, contracts or delivery costs
Builder transitionNew delivery team and updated completion plan
THE CORE QUESTION
Cost-to-complete finance starts with the gap between the capital available today and the independently verified amount required to reach practical completion. It is not simply a top-up based on an estimate.
A lender needs a reconciled position: existing debt and payouts, completed work, unpaid claims, remaining trade costs, consultants, statutory charges, contingency, interest and fees. The proposed facility must then fit within accepted value and a supportable exit.
Fund a verified construction scope through controlled progress payments and project monitoring.
Replace existing debt while separately accounting for the capital required to complete the project.
Assess evidenced increases caused by scope changes, defects, delays, escalation or builder transition.
Consider acquisition and completion as one integrated business-purpose funding requirement.
COST RECONCILIATION
Important: a lender may use an as-is, as-if-complete or other accepted value and may impose loan-to-value and loan-to-cost limits. Additional equity or revised project terms may be required, and an application may be reduced or declined.
WHO IT MAY SUIT
Potential borrowers include experienced developers, project entities, commercial property owners and investors completing an eligible development for a genuine business purpose.
FROM BUDGET GAP TO CONTROLLED DRAWS
Map the borrower, purpose, security, current debt, project stage, funding gap, deadline and exit.
Collect current reports and reconcile completed work, unpaid costs, remaining scope and contingency.
Compare total exposure, accepted value, drawdown controls, equity requirement, term and repayment plan.
Complete valuation, quantity-surveyor review, credit assessment, legal documents and lender conditions.
CHOOSE THE RIGHT COMPLETION PATHWAY
This page addresses the verified budget required to finish work already underway. For a broader refinance, rescue or completion pathway, review our Construction Completion Finance page.
A replacement quote may not cover everything needed to restart and finish. Ask the proposed builder and independent project adviser to identify exclusions, rectification work, mobilisation costs, site protection, consultant costs and the revised program.
Separate unpaid claims for work already completed from the price of future works. Reconcile those items with the quantity surveyor’s report so the same work is not counted twice and disputed amounts are not silently omitted. Ask your solicitor to review unresolved contract and payment issues before treating the transition as settled.
Likewise, an undrawn loan balance is not necessarily money available to spend. Confirm whether the existing lender will release it and what conditions remain. Show available equity separately, identify who will fund any gap, and include a contingency appropriate to the revised scope.
The practical test: can the updated funding schedule pay for the verified work, outstanding obligations and financing costs through to the proposed repayment date? A new contractor alone does not establish that the project is fully funded or financeable.
PREPARE THE FILE
A current and internally consistent file helps lenders understand the real funding gap.
COST TO COMPLETE FAQS
These answers are general guidance only. Every project and lender policy is different.
Cost-to-complete finance is business-purpose funding structured around the verified capital still required to finish an eligible property development. It may be used alongside a refinance or as part of a broader completion strategy, subject to lender assessment.
A lender may require an independent quantity-surveyor report, updated building contract, remaining-scope schedule, progress claims, consultant reports, contingency allowance and evidence of outstanding statutory or professional costs.
Verified overruns may form part of the assessment when their cause, amount and effect on the completion program are understood. The lender may require additional borrower equity, revised contracts or other risk controls.
The current debt, available facility, drawdown history, lender position and remaining work must be reviewed. A refinance or replacement facility may be considered, but approval and timing depend on due diligence and lender criteria.
Construction funding is commonly released through controlled drawdowns after evidence of completed work and applicable conditions has been accepted. The exact process depends on the lender, project and loan documents.
Potential exits include completing and settling contracted sales, selling completed stock, refinancing the finished asset or another evidenced liquidity event. The proposed exit must be credible, timed and supported by current information.
START WITH THE FUNDING GAP
Share the work completed, current debt, verified remaining budget, available equity, project timetable and proposed repayment exit.
Have the project location, work completed, remaining scope and cost, current debt, available funds, completion timetable and proposed exit ready. Indicate whether remaining costs have been independently verified.
You will enter your details on our contact page. Do not include passwords, banking credentials or other highly sensitive information.
All finance is subject to lender assessment, due diligence and approval. Fees, charges and eligibility criteria apply.
A direct point of contact
Share the current build status, verified remaining works, cost report, existing facility, contingency, completion value and repayment exit. Aaron will explain whether a direct-lending or facilitated business-finance pathway is worth assessing.