Refinance current debt
Replace land or construction debt while accounting for payout, securities, arrears and the funding still required.
CONSTRUCTION COMPLETION FINANCE · AUSTRALIA
Refinance eligible project debt and fund a verified cost-to-complete through controlled drawdowns. Every structure is assessed case by case against current value, remaining costs, delivery risk and a credible exit.
Assess the complete project—not only the remaining works: review our Property Development Finance Australia framework for cost, GRV, contingency, delivery and exit.
Funding gapVerified shortfall to completion
Maturing facilityRefinance existing project debt
Builder transitionRestructure the delivery team
Incomplete acquisitionAcquire and finish an existing project
START WITH WHAT EXISTS TODAY
Partially complete construction finance is not based on percentage complete alone. The lender must reconcile the current debt, physical progress, value, remaining scope, contingency and the capital required to reach a realistic exit.
That means replacing optimistic assumptions with current evidence: an independent inspection, cost-to-complete, revised program, capable builder, updated valuation and a fully funded path to completion.
Replace land or construction debt while accounting for payout, securities, arrears and the funding still required.
Release completion capital against an independent QS report, agreed budget, contingency and verified milestones.
Support a credible builder transition, revised program and evidence-led sales or refinance strategy.
Explore whole-project feasibility assumptions before discussing completion finance. This tool does not model existing project debt, work already funded or a lender’s cost-to-complete assessment.
EVIDENCE AT THE CURRENT PROJECT STAGE
The application must reconcile what has been spent, what has been built and what remains. Every dollar of proposed exposure needs a defined purpose.
Important: the lender may rely on an as-is, as-if-complete or other accepted value and may impose loan-to-value and loan-to-cost limits. Existing debt, completion costs, interest, fees and contingency may form part of total exposure. Additional equity may be required, and an application may be reduced or declined.
INITIAL PROJECT CHECK
A partially complete project may warrant assessment where the current position and proposed cure can be independently supported.
FROM SITE REVIEW TO CONTROLLED DRAWS
Share debt, project stage, completed work, remaining scope, value, deadline and proposed exit.
Test cost-to-complete, contingency, interest, total exposure, builder program and equity requirement.
The selected lender reviews valuation, QS, legal, borrower, builder, approvals and project evidence.
Refinance outgoing debt and release completion funds against verified milestones and reporting.
THE FACILITY MUST REFLECT THE CURRENT STAGE
Once construction has started, historical spend is less important than the lender-verified present position and the fully funded route to completion.
| FEATURE | NEW CONSTRUCTION | PARTIALLY COMPLETE |
|---|---|---|
| Starting point | Land and approved plans | Existing works, debt and claims |
| Primary evidence | Original feasibility | Current inspection and revised feasibility |
| Build funding | Planned progress draws | Verified cost-to-complete |
| Delivery review | Proposed builder and program | Current or replacement team and defects |
| Exit | Forecast sales or refinance | Re-tested against current timing and value |
WHAT TO PREPARE
The lender needs a reconciled picture of debt, work completed and every remaining cost—not only the original feasibility. For a closer review of the funding gap, use our cost-to-complete and builder-transition checklist. It explains how to separate unpaid claims from future works, check quote exclusions and confirm whether undrawn funds are actually available.
Existing facility and claimsPayout, balance, securities, arrears, notices and creditor position
Independent progress evidenceQS report, inspections, certificates, invoices, photos and defects
Revised completion budgetRemaining scope, contract, program, interest, fees and contingency
Value and feasibilityAs-is and completion value, sources and uses, equity and total exposure
Approvals and delivery teamPermits, licences, insurance, builder, consultants and warranties
Sales and exit evidencePresales, settlements, stock schedule, leasing or refinance pathway
FREQUENTLY ASKED QUESTIONS
These answers are general guidance. Every project and lender policy is different, and no figure is an approval or offer.
It is business-purpose finance for a property development where physical construction has started but additional capital or a refinance is required to reach completion. The facility may refinance existing debt, fund a verified cost-to-complete, or combine both within controlled progress drawdowns.
Leverage is assessed case by case using the lender-accepted value, existing debt, verified work completed, remaining costs, contingency, interest treatment, location, delivery team, approvals and exit. The resulting structure may be lower than the amount requested.
The available amount depends on accepted value, current debt, verified cost-to-complete, contingency, equity, security, delivery plan, interest treatment and exit strategy. No loan amount is promised before assessment.
A replacement-builder structure may be considered where the remaining scope, contract, licences, insurance, program and cost-to-complete are credible. Lenders will examine any claims, defects, warranties and transition risks before approval.
A lender-appointed quantity surveyor, valuer or inspector commonly reviews the site, progress claims, contracts, invoices, remaining scope, defects and contingency. This evidence informs the current position and future drawdowns.
Common exits include completing and settling contracted sales, selling finished stock, refinancing the completed asset to an investment facility, or another evidenced liquidity event. The exit must be realistic, timed and supported by current evidence.
START WITH THE CURRENT POSITION
Tell us what has been completed, what remains, the current debt and the capital required. We will explain the information needed, likely constraints and the next practical step.
Continue to our contact form to describe the project stage, work completed, remaining scope, current debt, funding required and proposed exit. Enter your contact details on the next page.
Do not include passwords, banking credentials or other highly sensitive information.
An enquiry is not an approval or offer of credit. All finance is subject to lender assessment, due diligence and approval. Fees, charges and eligibility criteria apply.