Some interesting things happening in our space of construction finance with quite a few lenders taking it very slow, many shutting shop completely.
Those that remained open looking to cherry-pick the best deals they can secure due to cautious capital limiting supply and high demand from borrowers.
We have seen some lenders being pretty ruthless with their treatment of clients and we will be wary of that and be putting them on our caution list for the future. We already have a decent black list of lenders we don’t deal with due to similar behaviour in past cycles.
Now is certainly not the time to be trying to finesse deals with banks and lenders without a good understanding of their current appetite and in many cases, the very limited terms they will actually consider lending on.
I would encourage you to give us a call today to for a no obligation chat through some realistic options that we know we can source for you or possibly provide directly via our HCP Fund.
For HCP June is off and racing, with an enquiry through the roof and confidence from property developers contagious. Below is a summary of some of the deals we have settled and approved while many lenders have been shut or dithering:
If you would like to read more about how HoldenCAPITAL and HCP can assist you please explore the following links:
Property Developers Full Product Guide
HCP Lender Product Guide
Alternatively, please feel free to reach out to me or your current HoldenCAPITAL finance consultant and we can chat through your finance requirements and how we can help you achieve your goals.