Bring your stalled project to life with BLOX’s finance solutions. Our team of experts specialise in helping homeowners and developers navigate the complexities of finance for incomplete builds to get your project back on track.
We know the difficulties of restarting an incomplete build. Our team will work with you to structure a loan that suits your situation, whether dealing with a builder’s insolvency or cost overruns.
Access our bespoke lender panel and product options to complete your project. We’ll help you choose between construction loan variations, gap finance, and other solutions.
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Our completion loans are designed to quickly get your project back on track. We’ll work with you to structure a loan that minimises additional costs and delays so you can achieve your project’s full potential.
At BLOX, we have finance solutions to help you efficiently complete your incomplete build.
We take the time to understand your project goals, timeline and budget, assessing the unique challenges and opportunities of finishing an incomplete project. Our team works closely with you to develop a tailored financing solution that aligns with your needs and maximizes your chances of success.
BLOX helps you navigate the financing process from preparing strong loan application and feasibility assessments to structuring progress payments and managing cashflow. We leverage our extensive network of lenders to secure the best rates and terms for your project ensuring you have the financal support you need.
Throughout the construction journey, BLOX remains by your side. We provide practical guidance across progress payments, contract variations and end-of-project financing, helping you anticipate challenges, manage funding requirements and keep your project moving forward.
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At BLOX, we're ready to help you navigate the complexities of construction finance and bring your vision to life.
Get startedFirst, secure your site and document the current state of construction. Then, follow these steps:
1. Find a new builder willing to take on the project.
2. Get new quotes and contracts for the remaining work.
3. Contact BLOX to help you engage with your existing lender or find a new one. We’ll assist in arranging an up-to-date valuation and reassessing your application, considering your current situation and the project’s status.
BLOX can guide you through this process and help you find the right finance to complete your build.
You have several options:
1. Request a formal variation from your builder and apply for an increase to your existing construction loan. This usually requires an updated valuation and reassessment of your circumstances.
2. Get a personal loan for smaller amounts or short-term needs (depending on the works needing to be completed.
3. Explore gap finance options.
BLOX can help you determine these options to help find the right loan for your needs. We’ll assist you through the application process with your current lender or a new one.
If your existing lender won’t continue to finance a partially built property, specialist lenders may have solutions, often at higher rates and fees.
The ideal scenario is once the build is complete, then explore options to refinance to a mainstream lender.
While these loans are more expensive, they can be worth it if you can complete your project. The long-term benefits of finishing your build may outweigh the short-term higher costs.
The timeframe can vary depending on your situation and the complexity of the project. BLOX works quickly to complete the process, usually within 2-4 weeks. We’ll keep you informed throughout and work to minimise any further delays to your project.
You’ll typically need:
- The current value of the incomplete property
- New builder’s quote and contract for the remaining work
- Updated project timeline
- Your current financials
- Detail around why the project stalled
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