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A construction loan from someone who's actually built things.

Seven years managing commercial construction projects means we read building contracts, progress claims and timelines fluently, and structure your loan to match how builds really go.

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Construction Loans

Built different, literally.

Construction lending is where most brokers come unstuck, because it's not just a loan, it's a loan wrapped around a building project. Progress payments, fixed-price contracts, variations, out-of-contract items, council delays: if your broker doesn't understand how a build actually runs, your finance becomes the bottleneck.

Before broking, Daniel spent seven years managing large-scale commercial construction projects, reading building contracts, assessing progress claims and dealing with builders daily. That experience now works for you: we sanity-check your contract and cost breakdown before the lender does, anticipate the items lenders question, and keep your drawdowns moving so your builder is never waiting on the bank.

Whether it's a new build, a knock-down rebuild, or a major structural renovation, we'll find the lender whose construction policy fits your project, and stay on top of every progress payment through to handover.

Why it works

Why builders' clients choose us

We Speak Construction

Contracts, PC items, provisional sums, variations, we review your documents with a builder's eye before submission, which means fewer lender queries and faster approvals.

Drawdowns That Keep Pace

Builds stall when progress payments lag. We manage each drawdown with the lender and valuer so your builder gets paid on time, every stage.

Contingency Built In

We structure your facility with sensible buffers for variations and out-of-contract costs, so a surprise doesn't become a crisis halfway through the build.

Run the numbers

Construction interest estimator

During construction you typically pay interest only on what's been drawn down. Estimate what that looks like across your build.

Average monthly payment during build
$3,500 /mo
At start (land only drawn)
$2,250 /mo
At completion (fully drawn)
$4,750 /mo
Estimated interest during build
$42,000

Estimates only. Assumes interest-only payments during construction, with the land amount fully drawn from day one and the build amount drawn progressively (averaging ~50% across the build period). Actual interest depends on your drawdown schedule and rate. Results do not constitute credit advice or an offer of finance, and your eligibility depends on a full assessment of your circumstances. Talk to us for figures based on your actual situation.

Common questions

Construction Loans FAQs

How is a construction loan different from a normal home loan?
Instead of receiving the full amount at settlement, the lender releases funds in stages, usually deposit, slab, frame, lock-up, fixing and completion, as your builder completes each one. You typically pay interest only on what's been drawn, and the loan usually converts to normal principal-and-interest repayments at handover.
What documents do lenders need for a construction loan?
Typically a signed fixed-price building contract, council-approved plans and specifications, builder's insurance certificates, and any quotes for work outside the contract (landscaping, driveways, pools). We'll give you a complete checklist up front, having it right the first time is what keeps approvals fast.
What happens if my build goes over budget?
Variations and out-of-contract costs are common, we've seen it from the builder's side. The best protection is structuring contingency into your facility from the start, which we do as standard. If costs rise mid-build, options include contributing savings or applying for a loan increase; we'll manage that process with the lender.
Do progress payments go to me or the builder?
Directly to the builder, after you approve each invoice and the lender (usually via a valuer) confirms the stage is complete. It protects you, the builder only gets paid for work actually done. We chase the valuations and approvals so payments never hold up your site.
Can I get a construction loan as an owner-builder?
It's harder, many lenders won't touch owner-builder projects, and those that do usually cap lending at a lower percentage of cost and want detailed costings and evidence of your capability. It's absolutely possible with the right lender, and this is genuinely our home turf. Talk to us early, before you commit.

Building something? Let's talk early.

The best time to involve us is before you sign the building contract, we'll spot the finance issues before they cost you.

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Get in touch

Start your enquiry.

Your information is kept confidential and used only to respond to your enquiry, as described in our Privacy Policy. Toukan Finance is an Authorised Credit Representative (CRN 577748) of Outsource Financial Pty Ltd (ACL 384324).

Call Daniel, 0455 721 087