03/09/2026
A recent THG client needed funding to refinance existing land and cover the full construction costs of a proposed rooming house.
The final structured provided:
• Approx. $1 million in funding
• > 60% loan to value ratio
• > 30% existing land equity
• 100% of construction costs funded
The application reached conditional approval in approximately 2.5 weeks, with settlement approximately 3.5 weeks later.
The transaction shows why the property type, project costs and lender requirements need to be considered when arranging development finance.
Read the full article here: https://lnkd.in/ghPswnPk
If you are considering finance for a rooming house development, we offer free 15-minute chat with no obligation. https://lnkd.in/gDehbm8u