Site acquisition finance is a flexible tool for property developers, tailored to individual project needs. It can be structured as a long-term loan or a short-term facility, often interest-only, which helps manage cash flow during planning and approval stages. This financing is based on the developer's vision for the site, with the expectation of either selling the land with permits or completing and selling the developed project.

They are usually open for 1-3 years. This allows you time to get the necessary approvals and either refinance for the construction phase or sell the site with the added value of approved plans.

Some lenders are more flexible than others in this space. At BLOX, we work with you to find a lender that matches your project timeline. We also help you plan for contingencies because in property development, things don’t always go according to plan.

Remember, these facilities are flexible but not a long-term financing solution. The expectation is that you’ll either transition to a construction loan or sell the property within the agreed-upon timeframe. If you need more time, it may be possible to extend the facility, but this often comes with additional costs and lender scrutiny.

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Site acquisition finance allows you to purchase a property without existing plans or permits, financing based on the site's potential. This flexibility lets you act quickly in a competitive market. While plans and permits aren’t required initially, they are crucial for your exit strategy, whether selling with approvals or completing development. BLOX can help you evaluate the site and ensure your vision aligns with planning regulations and timelines.