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Construction Loans

At GCC, Our construction finance facilities can be structured in many ways, with a range of variations that can be tailored to a projectu2019s specific needs.

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Construction Loans

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  1. Global Capital Commercial Construction Loans

  2. Construction Loans Construction loans are higher-interest, shorter-term loans that are used to cover the cost of building or rehabilitating your home. Unlike a traditional home loan, which is based on the fair market value of the home and determined by the home's condition in comparison to other recent sales, construction loans are based on what the projected value of the home will be once the work is complete.

  3. Construction Loans Construction loans differ from other home loans in that they are based on the potential value of your home, instead of actual value.

  4. Construction Loans Home construction can often surpass anticipated costs. To protect borrowers from unexpected expenses, a “pad” of about ten percent of the loan is added to the total amount of the loan.

  5. Construction Loans An option for those that do not qualify for standard construction loans are loans insured or funded by the Rural Housing Service(RHS). The RHS works under the Department of Agriculture, and aids families living in rural areas who do have adequate housing by providing loans that will enable them to purchase or construct homes in those areas. These loans require no down payments and incur very low interest.

  6. Construction Loans Generally repayment for construction loans does not begin until after the construction has ended. The time period allotted for construction is usually a year to eighteen months. No payment should be made before the homeowner is able to walk into his or her brand new home.

  7. Global Capital Commercial (GCC) has extensive experience in structuring development finance facilities across Australia, whether residential, commercial, office, industrial, retail, tourism or land subdivisions. In addition, our unique, AI-driven technology delivers optimum borrower solutions – fast.

  8. CONTACT US: • BUSINESS NAME: Global Capital Commercial • BUSINESS WEBSITE: https://www.globalcapital.com.au/

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