Refinance an expiring facility
Replace construction debt once the build is complete or close to completion, before maturity pressure starts dictating your sales strategy.
DEVELOPMENT EXIT FINANCE · AUSTRALIA
Refinance completed or near-completed developments, create time for an orderly sell-down, or release equity—without a rushed sale.
Need the complete development pathway? Review our property development funding options, including indicative leverage, term profiles, location appetite and evidence required.
Completed stockReady for sell-down or refinance
Near completionClear path to practical completion
Retained assetsLease, hold or refinance strategy
Expiring debtConstruction facility approaching maturity
WHY EXIT FINANCE
Construction finance is designed to get a project built. Exit finance is structured around what happens after completion: selling remaining stock, stabilising income, refinancing retained assets or redeploying equity.
That shift can reduce maturity pressure and give you a facility aligned to the real timeline of the asset—not the original construction program.
Replace construction debt once the build is complete or close to completion, before maturity pressure starts dictating your sales strategy.
Give completed apartments, townhouses, commercial suites or industrial units more time to sell at sensible market prices.
Subject to valuation and lender criteria, unlock capital tied up in completed stock for acquisition, deposits or early-stage project costs.
INDICATIVE LENDING CRITERIA
A strong application is more than a completed building. Lenders assess the accepted value, total exposure, remaining stock, marketability and a credible repayment path.
Important: lenders may use a discounted or “in-one-line” value for multiple unsold lots. Retained interest, fees and other costs may be included in total exposure. This can reduce net funds available even where the headline LVR is unchanged.
QUICK FIT CHECK
You may be a strong candidate if most of the following are true.
A CLEARER PATH TO SETTLEMENT
Tell us the project stage, current debt, stock position, value and preferred exit.
We compare suitable lenders and model LVR, interest treatment, term and release conditions.
The preferred lender completes due diligence, valuation and formal credit assessment.
The outgoing facility is repaid and you move into the agreed sell-down, lease or refinance strategy.
THE RIGHT FACILITY FOR THE PHASE
The risk profile and repayment logic change materially after completion. Your facility should change with them.
An exit facility creates a new repayment deadline. Before comparing a headline rate or loan amount, bring the outgoing payout, remaining project obligations and expected cash receipts into one dated funding schedule.
Use a current payout figure, not just the construction facility limit. Identify remaining works, retentions, professional costs and the new facility’s interest and fees. Show what is funded within the loan and what must be paid separately. A facility that repays the old lender but leaves essential costs unfunded does not resolve the whole project position.
List each property’s contract status, expected settlement date and required lender release amount. Forecast the net cash available after relevant deductions rather than treating the full contract price as free cash. Test what happens if a buyer settles late or an unsold property takes longer to sell.
If the plan is to retain an asset, distinguish an intended refinance from an approved facility with outstanding conditions. Identify the proposed lender’s requirements, the evidence still missing and the time needed to complete them. Leasing a property may support the plan, but a lease alone does not repay the exit loan.
Illustrative scenario: a developer expects the final two units to settle before loan maturity, but one settlement is delayed. Recalculate debt remaining after the first sale, ongoing holding costs and the revised repayment date. Do not assume the lender will extend the term or release surplus funds. Raise any shortfall early and review the documented options with your advisers.
Where substantial works remain, compare the cost-to-complete pathway. For completed unsold properties, see residual stock finance. All options remain subject to project evidence, lender assessment and approval.
WHAT TO PREPARE
Start with these essentials. We’ll confirm what else the selected lender needs.
Current facility statementLimit, balance, maturity and payout position
Project & stock scheduleSold, settled, unsold, leased and retained lots
Valuation or market evidenceRecent reports, contracts and agent appraisals
Completion documentsOccupancy, titles, insurance and remaining works
Exit planSales campaign, refinance pathway and timeframe
Borrower informationEntity structure, experience and financial position
FREQUENTLY ASKED QUESTIONS
Every development is different. These answers are general guidance, not a credit decision or financial advice.
It is a short-to-medium-term facility used after a development reaches practical completion or is close to completion. It commonly refinances construction debt, funds an orderly sell-down, or releases equity from completed stock.
Loan size depends on the accepted valuation, property type, location, remaining stock, debt position and exit strategy. Selected specialist options may be available up to 80% LVR, but the available amount is always case-specific and may include capitalised interest and costs.
Many lenders prefer practical completion, occupancy documentation and registered titles. Near-complete projects may still be considered where the remaining works and funding path are clear.
Potentially. Depending on the lender and available equity, interest may be serviced monthly, prepaid or retained within the facility. Any retained interest generally affects the total exposure and LVR.
Usually, yes. The lender will set release prices or a debt-reduction mechanism for each sale. These terms should be modelled before settlement so the remaining facility stays within covenant.
Common exits include selling remaining stock, refinancing retained income-producing assets, or repaying from another verified liquidity event. Lenders will expect the strategy and timeframe to be realistic.
START WITH THE NUMBERS
Share the key details and we’ll help you understand the likely structure, information required and next step.
Use our contact form to share the project stage, location, remaining stock, current debt, estimated value, timing and proposed sale or refinance exit.
Continue to the contact form →
All finance is subject to lender assessment and approval.
A direct point of contact
Share the completion position, valuation or GRV evidence, existing facility, remaining stock, sales status, amount required and proposed exit. Aaron will explain whether a direct-lending or facilitated business-finance pathway is worth assessing.