Quadplex Finance

A quadplex brings four dwellings onto a DA-approved site, and with four dwellings the project firmly enters development finance territory for most lenders. The construction loan structure, LTC and GRV assessments, and presales requirements all differ from a standard residential construction loan. Settled Funding Group arranges quadplex development finance for owner-developers, investors building to hold, and first-time developers with a strong project and a licensed builder. Joseph Farhat reviews the feasibility, the DA, and the exit before selecting the right lenders from the panel.

Who This Is For

• •Developers building four dwellings on a DA-approved site with a fixed-price builder contract
• •Investors building a quadplex to hold as a rental portfolio and refinance at practical completion
• •Owner-developers planning to build three dwellings to sell or rent and one to occupy themselves
• •Those on a corner or larger lot with DA approval for four detached, semi-detached, or townhouse dwellings
• •Experienced investors scaling up from duplex or triplex development into their first four-dwelling project
• •First-time developers with a strong project, a DA, an experienced builder, and a clear exit strategy

How Quadplex Finance Works

Quadplex projects are assessed as small-scale development finance. The loan is structured around the total development cost and the GRV, which is the gross realisation value of all four dwellings at completion. Joseph Farhat reviews the DA, the QS report, the fixed-price builder contract, and the exit strategy before identifying lenders on the 90+ panel who have appetite for four-dwelling residential development at your project location and loan size. Non-bank lenders generally require no presales for smaller quadplex projects. Major banks typically require presales or a stronger financial position.

A four-dwelling build-to-hold project in Wallsend was funded through a non-bank lender and is now generating rental income across all four dwellings. That project demonstrates what is achievable when the project is well-structured and the right lender is identified. Read the Wallsend townhouse case study to see how a four-dwelling build-to-hold was structured through a specialist non-bank lender.

What Lenders Assess for Quadplex Finance

• •DA approval: lenders need a current, unconditional development approval for four dwellings before they will proceed. The DA must be specific to the site and the proposed build.
• •Development feasibility: total development cost (land plus build) against GRV (combined on-completion value of all four dwellings). A positive feasibility with adequate margin is the foundation of approval.
• •Fixed-price builder contract: a contract with a licensed builder is required by all mainstream development lenders for a quadplex. The contract must cover the full scope of works.
• •LTC and GRV: major banks typically lend to 70% LTC and 65% GRV. Non-bank lenders offer more flexibility, up to 80% LTC and 70% GRV for well-structured projects.
• •Developer experience: first-time developers can access non-bank finance with a strong project. Major banks generally require prior development experience for four-dwelling projects.
• •Exit strategy: individual lot sales, refinance to investment loans, or a combination. Lenders assess the realism of the exit relative to market conditions at the project location.

The Quadplex Finance Process: What to Expect

1. 1.Initial review: share your DA, project feasibility, QS report, builder contract, and financial position with Settled Funding Group. Joseph Farhat reviews the file and identifies lenders whose policy fits your project before any formal submission.
2. 2.Application prepared with full documentation: DA, development feasibility, quantity surveyor report, fixed-price builder contract, income documents, asset and liability statement.
3. 3.Development valuation ordered by the lender, assessing the on-completion GRV across all four dwellings.
4. 4.Approval issued, typically two to four weeks from submission for non-bank lenders, slightly longer for major banks.
5. 5.Staged construction drawdowns at slab, frame, lockup, fixing, and practical completion. At completion, individual lots are sold and proceeds repay the development facility, or the project is refinanced to investment loans. Settled Funding Group can assist with exit finance planning.

Indicative Finance Options

Quadplex Finance Broker

Four-dwelling developments sit in an awkward gap. A quadplex is often too large for a standard residential construction loan but too small to interest some development lenders, and policy on presales, loan-to-cost, and dwelling count varies widely between funders. A project one lender declines on size or structure is funded comfortably by another. A broker who knows which lenders actually fund four-dwelling builds saves you weeks of wasted applications, protects your credit file from unnecessary enquiries, and opens access to non-bank and specialist funders most developers cannot reach directly.

Settled Funding Group represents you, the borrower, not the lender. Joseph Farhat reviews your site, build contract, presales position, feasibility, and exit, then matches the project to the right lender from our 90+ panel and negotiates terms on your behalf. We prepare and manage the submission end to end, from indicative assessment through to your first drawdown. As a broker, we are typically paid by the lender on settlement, so in most cases there is no direct cost to you. If your project is complex, time-critical, or has been declined elsewhere, talk to us early and we will tell you honestly what is achievable.