Skillful and insightful people have been developing property in Australia for many years and as a nation we should be greatly indebted to them.
Despite this, the Banks consider development to be risky as they have been hurt in recent times by rapid depreciation to values, slow sales, incompleted projects and have tightened their lending criteria or even stopped funding development altogether.
A great many developers are now finding it difficult to get their project up and running or are choosing to delay projects until the market improves.
With Bank lending criteria now increasingly difficult to ascertain and meet, there has never been a more important time to speak to Aston Mortgage & Finance as we have intimate knowledge of commercial development finance and a wealth of experience in presenting your project to the best property lenders.