Loans
Take-out funding
Take-out funding repays the construction or development facility that built your project, once the build is complete. Instead of the development loan rolling into penalty rates while the last stock sells, take-out funding clears it and gives you a short, clean facility secured against the finished asset - held while you sell down or lease up, then repaid from those proceeds. The build risk is gone; what's left is standard secured property against a clear exit.
Clear the build debt, sell on your terms.
The amount, the asset and the timeframe. We’ll match you with a funder and email you their introduction. Reply to it and they’ll be in touch.
- No cost and no obligation. An enquiry is not a commitment to anything.
- We match you with a funder and email you their introduction. Reply to it and they take it from there.
- Your details stay with us until you reply to the introduction.
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How take-out funding works
A construction or development facility is built for the build - priced for the risk of an incomplete project and structured to fall due when the work is finished. But completion and sale rarely line up on the same day. When the build is done and the last stock is still selling, the development loan can tip into default rates precisely when you least need it. Take-out funding solves that: it repays the construction or development facility on completion and replaces it with a short, clean facility secured against the finished asset. The build risk is gone, so the security is now standard, marketable real property with a defined exit - which is why it prices as short-term secured lending rather than development risk.
What it’s typically used for
The job is almost always the same: buy time to realise a completed project properly. Common ones: holding finished residential stock while the last units sell rather than dumping them to meet a loan deadline; carrying a completed commercial building through lease-up before refinancing to a term facility; or clearing a development facility that has reached its maturity date while a sale settles. In each case the project is finished and marketable, the exit is clear, and the borrower simply needs a sensible facility to bridge the gap between completion and cash.
What we’ll need
The completed project details and its current value, the balance on the construction or development facility being repaid, and the exit - the sale program, the lease-up plan, or the refinance. Because the build is done, the assessment is about the finished asset and how it converts to cash, not construction risk. Send us those and we’ll match you with a funder who confirms whether take-out funding is the right structure, comes back with indicative terms, and clears the build debt so you can sell on your own terms.
- Developers whose project has reached completion but whose construction facility is falling due
- Borrowers who need time to sell down or lease up completed stock without the pressure of a maturing development loan
- Companies or trusts holding a finished, marketable asset with a clear sale or refinance exit
- Projects still under construction - that's development or construction finance
- Anyone without a realistic sale, lease-up or refinance exit within the term
- Owner-occupier consumer borrowers (business-purpose only)
Sounds like your situation?
Tell us the amount, the asset and the timeframe. We’ll match you with a funder and email you their introduction.
How it compares
FAQ
What is take-out funding?
A short-term facility that repays your construction or development loan once the project is finished. It's secured against the completed asset and repaid when you sell, lease up or refinance - giving you room to realise the project on your own timeline rather than the development lender's.
How is it different from bridging?
The idea is the same - a short, exit-driven facility - but take-out funding is specifically structured to clear a development or construction loan on completion and hold against the finished project. Bridging covers a wider set of short-term gaps.
Why not just leave the construction loan in place?
Construction facilities are priced and structured for the build, and typically fall due at completion. Once the build risk is gone, take-out funding is usually a cleaner, more suitable structure to hold the finished asset while stock sells.
What can I borrow against?
The completed project - the finished units, lots or building your company or trust owns. We arrange funding against the available equity in the completed asset, subject to assessment.
Is take-out funding business-purpose only?
Yes. It's for Australian companies and trusts, for business or investment purposes - not consumer credit.
Can I refinance a completed development before all the stock has sold?
Yes. That is the main use of take-out funding. The construction facility is repaid in full and the new loan is held against the finished stock, up to 75% of its value, then reduced as each sale settles.
Clear the build debt, sell on your terms.
No cost, no obligation. The form is back up the page and takes two minutes.