Specialist land, construction and refinance lending for rooming houses. Up to 80% LVR on land and 70% of the on-completion (TBE) valuation — check your numbers in seconds.
Calculator
Enter your acquisition price and TBE valuation. We'll show your maximum facility, application fee and equity required.
Land loan → build loan → refinance.
Subject to commercial valuation. We lend on the floor; ceiling drives refinance upside.
Stage 1 · Land loan
Initial acquisition of land or existing house.
Client deposit (20%)
$120,000
We lend (80%)
$480,000
VIC stamp duty
Your cash in
$248,611
Total client equity required
At settlement
$209,611
During build
$39,000
Your cash out
$295,260
Equity released on refinance
New facility
$1,520,000
Net position
$46,649
Land loan
7%Loan amount
$480,000
App fee (2.5%)
$12,000
Equity in
$120,000
Interest (3 mo)
$8,400
Build loan
8%Available @ on-completion LVR
$1,260,000
Payout 80% land loan
$480,000
App fee (new money only)
$19,500
Available for build
$695,260
Capitalised interest
$65,240
Upside at ceiling
+$70,000
Refinance @ 80%
8.94%End-of-build debt
$1,224,740
New facility
$1,520,000
Equity released
$295,260
Monthly interest only
$11,324
Emails Robert a copy of these calculator numbers plus your contact details so he can reply within one business day. This is not a loan application.
Project summary
Total project cost
$1,368,211
On-completion value
$1,900,000
Gross profit on cost
$531,789
38.9% margin
Total cash invested
$248,611
Equity released at refi
$295,260
Net cash position
$46,649
18.8% cash-on-cash
Gross rental yield
9.85%
$187,200/yr
Interest cover
1.10×
$1,156/mo surplus
Cashflow timeline
| When | Event | Cash in | Cash out | Cumulative |
|---|---|---|---|---|
| Mo 0 | Settlement (equity, stamps, fees, pre-build) | — | ($209,611) | -$209,611 |
| Mo 1–12 | Construction (top-up, furnishing, val fee) | — | ($39,000) | -$248,611 |
| Mo 15 | Refinance — equity released | $295,260 | — | $46,649 |
| Mo 15+ | Monthly net rent − interest (ongoing) | $1,156 | — | $47,805 |
| Refinanced facility · monthly interest only | $1,520,000 @ interest | $11,324/mo | ||
Construction assumed 12 months. Cumulative position resets to zero on day one; refinance row shows equity returned to your pocket. Ongoing row is steady-state monthly cashflow after stabilisation.
How it works
Two facilities, one streamlined process — from settlement through to practical completion.
Up to 80% LVR on the land or existing house. Fast indicative offers from your address and price.
Up to 70% of the on-completion valuation, drawn down progressively as your build hits milestones.
A single 2.5% application fee on the loan amount. No surprises mid-build, no shifting goalposts.
Projects
Real deals, anonymised. Photos are illustrative.
Illustrative photoPhoto: Troy Mortier / Unsplash
Melbourne's north · Company / trust
Outcome
Settled in spring 2026. The same investor has since come back to us for the next stage of their portfolio.
Illustrative photoPhoto: Troy Mortier / Unsplash
Metropolitan Melbourne · Company group
Outcome
Two loans settled, with more of the developer's pipeline (around six projects) placed with the same lender.
Illustrative photoPhoto: Troy Mortier / Unsplash
Melbourne's north · Company as trustee for a family trust
Outcome
The land settled in spring 2026, and the construction facility is in place for progress payments.
Send us your numbers and Robert will reply within one business day.
