Whether it be land subdivision, residential development or commercial construction, we can tailor a suitable loan package to finance your development.

We offer development facilities that can be either a first mortgage, second mortgage, or a stretch facility that is blended between the two. We will also consider equity positions on specific transactions.

We work with you and your consultants to understand your project in more detail to help structure the best loan package to complete your project. We take a commercial approach towards financing and offer flexibility around key loan requirements including equity, construction costs (i.e.: fixed price contracts) and presales.

Terms are usually up to 24 months with interest and fees capitalised throughout the project.

Most banks find property acquisition difficult to fund where there is a limited ability to service debt, a high loan to value, or short lease terms.

We understand the underlying value of a property and can offer loans that are well beyond main bank criteria. Our facilities are structured to capitalise interest costs over the loan term. This helps support your cashflow requirements and assist with progressing your project.

Properties include bare land, sites with vacant possession (where consents have not been issued), or where a property requires refurbishment. Facilities can also be provided for working capital to minimise delays in commencement of your development.

We have excellent understanding of bank finance requirements and maintain strong ties with all main banks. We can work with you to help facilitate discussions to help restructure your facilities to refinance your property with the bank.

We understand the requirement for capital and the timing of a transaction are not always aligned.

We offer bridging finance to assist with the finance of a property prior to a sale or refinance, or additional equity to repay or reduce facilities.

Terms are up to 12 months and will vary depending on the property, incoming capital and sale process.

Versa provides underwrite facilities to assist with presale coverage and allow you to commence with construction.

We recognise presale requirements from most banks can be difficult to meet in the current market. Underwrite facilities can assist with funding applications for main banks and assists you with progressing their transaction in a timely manner.

These facilities also provide flexibility for you to sell down these properties over the course of the development. The underwrite relies on the strength of the purchaser to settle if required.

Versa has strong ties to all the major banks with a strong financial position to support developers’ obligations.