Blacktown House & Granny Flat — Alt Doc Construction Loan
Blacktown, NSW
House & Granny Flat.
$1M Settled
The Challenge
A client in Blacktown wanted to build a house and granny flat on land they owned outright with no existing debt. The project was straightforward in structure but required a lender comfortable with an alt doc assessment and a fast turnaround.
The Solution
Settled Funding Group sourced an alt doc lender and secured funding at 70% of total development costs, resulting in a $1 million loan against a $1.45 million projected settlement value. An accountant's declaration was used in place of full financials. Formal approval was in place within two weeks of inquiry.
Loan at a Glance
| Detail | Info |
|---|---|
| Loan Type | Alt doc |
| Loan Amount | $1M |
| Settled Value | $1.45M |
| LVR | 70% of total development costs |
| Existing Debt | Nil |
| Inquiry to Settlement | 2 weeks |
Need Construction or Development Finance?
Settled Funding Group assists borrowers across all stages of the build cycle. We can help you source capital from $200K to $15 million to complete your project, drawing on a lender panel of 90+ bank, non-bank, and private lenders.
