Refinance and stabilise
Map existing priorities, payout figures and security so a replacement facility can be assessed on the current facts.
DISTRESSED CONSTRUCTION FINANCE · AUSTRALIA
When construction funding stops, the answer is not simply more debt. We help developers assess specialist refinance and completion funding around verified costs, controlled drawdowns and a credible exit. Selected scenarios may be assessed up to 80% LVR, with funding requests up to $50 million per transaction.*
Refinance pressureReplace maturing or withdrawn debt
Fund completionVerified remaining project costs
Restore controlMilestones, reporting and contingency
Protect the exitSale, settlement or refinance pathway
CAPITAL WITH A RECOVERY STRATEGY
Cost overruns, delayed drawdowns, builder disruption and an approaching maturity can turn a viable development into a time-critical file. The first task is to establish what is complete, what remains, what is owed and how the project can still exit.
Basic Finance organises that position for suitable specialist lenders. We focus on the numbers and controls that determine whether fresh capital improves the outcome.
Map existing priorities, payout figures and security so a replacement facility can be assessed on the current facts.
Connect the remaining works, contingency, interest and fees to a quantity-surveyor-supported completion budget.
Structure the term and drawdowns around realistic settlements, sale or refinance—not an unsupported end date.
THE WHOLE CAPITAL POSITION
Urgency matters, but evidence creates certainty. A lender must see a controlled path from today’s position to repayment.
The test: the total facility must remain supportable against lender-accepted value and leave a credible, timed repayment path with enough contingency for execution risk.
ACT BEFORE OPTIONS NARROW
Earlier engagement usually creates more room to verify the numbers, coordinate stakeholders and compare structures.
FROM DISTRESS TO A DECISION
Confirm debt, security, construction status, remaining costs, approvals, timing and the proposed exit.
Reconcile sources and uses, contingency, drawdowns and the evidence supporting completion.
Match the project with specialist private or non-bank lenders suited to the risk and timing.
Coordinate valuation, QS, legal priorities, credit evidence and settlement requirements.
INDICATIVE PRODUCT MATRIX
The right structure depends on what must be refinanced, how much work remains, the proposed security rank and the evidence supporting repayment. Maximum leverage and loan size do not apply equally to every pathway.
| PATHWAY | TYPICAL USE | INDICATIVE POSITION |
|---|---|---|
| Senior debt refinance | Replace an expiring, withdrawn or unsuitable construction facility | Usually first-mortgage security; leverage assessed against lender-accepted value and total exposure |
| Refinance + completion | Refinance current debt and fund the verified balance required to reach completion | Requests up to $50m may be assessed; QS, contingency, drawdown controls and exit are central |
| Cost-overrun / priority gap | Address eligible overruns, claims or a defined capital shortfall | First or second mortgage where acceptable; combined leverage and priority risk commonly reduce capacity |
| Near-complete / development exit | Create time to complete, settle presales, sell residual stock or refinance | Selected qualifying scenarios may be assessed up to 80% LVR, subject to security, marketability and exit |
*Indicative maximums only: up to 80% LVR and funding requests up to $50 million per transaction are reserved for selected qualifying scenarios. The actual outcome may be materially lower and remains subject to lender-accepted value, location, security rank, current debt, cost to complete, LTGRV/LTC limits, borrower contribution, valuation, QS review, exit evidence, due diligence and formal approval.
WHAT CHANGES THE OUTCOME
The strongest submissions do not hide the distress. They explain it, quantify it and show how the new structure controls it.
| CREDIT QUESTION | EVIDENCE THAT HELPS | WHY IT MATTERS |
|---|---|---|
| What is owed today? | Statements, payouts, title and priority documents | Defines the refinance requirement and security position |
| What remains to finish? | QS report, programme, claims and trade breakdown | Tests whether the completion budget is complete |
| Who will deliver? | Builder status, contract, consultants and approvals | Shows that capital can convert into completed value |
| How will debt be repaid? | Presales, sales plan, valuation or refinance evidence | Sets the term and proves the proposed exit |
| What if timing moves? | Contingency, reserves and sponsor support | Protects the facility against further disruption |
WHAT TO PREPARE
Start with current information. If something is missing, we will identify the highest-priority gap rather than asking for an unfocused data room.
Changing builders or reconciling unpaid claims? Review our builder-transition and completion-budget checks before preparing the remaining-cost schedule. The checks cover replacement-quote exclusions, overlapping claims and whether undrawn funds are actually available.
Debt and securityLoan statements, payout figures, title, mortgages, caveats and guarantees
Value evidenceCurrent valuation, completed value, comparable sales and stock schedule
Cost to completeQS report, feasibility, claims, programme, contingency and remaining works
Delivery teamBuilder position, contract, consultants, insurance, approvals and permits
Sales and exitPresales, settlements, leasing, campaign evidence or refinance pathway
Borrower supportEntity structure, experience, financial position and contribution source
FREQUENTLY ASKED QUESTIONS
These answers are general guidance. Every project, security position and lender policy is different.
It is specialist business-purpose funding considered when an active development can no longer continue under its existing capital structure. A facility may refinance current debt, fund verified completion costs and create time for a documented sale or refinance exit, subject to lender assessment.
It may, where the lender is satisfied with current and completed value, verified cost to complete, approvals, delivery team, borrower contribution and repayment strategy. Funding is commonly controlled through milestone-based drawdowns and reporting.
An initial view can be faster when the current debt, valuation, cost-to-complete report, approvals, construction status and exit evidence are complete. Complex valuations, legal priorities and due diligence can extend the timeframe. No approval or settlement time is guaranteed.
Residential, commercial and mixed-use developments may be considered, including partially completed projects. Location, stage, value, cost to complete, approvals, borrower support and exit determine lender appetite.
Depending on the project, an exit may involve completed-stock settlements, sale of the project or individual lots, refinance into a stabilised facility, or another verified source. It must be realistic, timed and supported by evidence.
Start with current lender statements and payout figures, title and security details, valuation, approvals, project feasibility, QS or cost-to-complete report, builder information, presales or leasing evidence, borrower contribution and proposed exit.
START WITH THE CURRENT POSITION
Tell us where the project stands, what is owed, the capital required to complete and the intended exit. We will explain the information gaps, likely constraints and the next practical step.
Use our contact form to provide your project location, current debt, remaining works, funding requirement and proposed exit. Enter your details on the next 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.