Get to the market faster with less capital.
A smarter funding solution for spec builds.
(to your HoldCo)
How it works
Sale & Purchase
Only 10% deposit of your Turnkey Build sales price agreement in your Turnkey entity.
Land contract
Between your building company and your Turnkey entity.
Feasibility
Numbers must add up and contract be valid.
Construction funding
Turnkey Spec funds 100% of construction cost including GST.
Build & complete
6 milestone drawdowns. Residential completion guarantee required.
Refinance (to your HoldCo)
Client uses lender refinance at 80% LVR against a registered valuation.
Fees, drawdowns & project economics
Fee structure
Our Turnkey loan fee is based on a percentage of the build contract over the Sale & Purchase Agreement.
| Build cost % | Fee |
|---|---|
| Up to 40% | 3.00% |
| Up to 45% | 3.25% |
| Up to 50% | 3.50% |
| Up to 55% | 3.75% |
| Up to 60% | 4.00% |
Loan extension fee: 1.25% per month based on fully drawn loan amount.
(Extension applies from our minimum loan term of six months.)
Progress drawdowns
$1 million example
Confidence for every party in the transaction.
Turnkey Funding approved builders can access a tailored non-completion guarantee package designed to meet lender requirements.
A non-completion guarantee is a requirement of using our product.