Investing in Land and Duplex Construction for Rental or Resale via a Managed Trust
Purpose
Self-Employed IT Industry
Location
NSW (CAT 1)
Loan Amount
$2,800,000
Scenario
Mr Z, a self-employed IT professional, was looking to purchase land and construct a duplex under a trust structure, with the intention to either retain both properties as investments or sell upon completion.
The key challenge was timing. The land was ready to settle, and construction needed to commence immediately to meet contractual deadlines. However, the client’s latest financials were not yet finalised, limiting traditional lending options.
Additionally, the trust structure and construction component further reduced the number of lenders able to support the scenario, putting the transaction at risk of delay or falling over.
How did Brighten help?
Brighten provided a flexible Alt Doc construction solution through the Brighten Easy Builder® product. By accepting an accountant’s declaration to verify income, we were able to move quickly without waiting for updated financials.
We approved a $2.8M loan at 70% LVR, supporting the trust structure with standard pricing and no additional loadings.
This allowed the broker to secure funding in time for settlement and ensure construction could begin as planned, solving both the timing and documentation challenges.
Fees, charges, and lending criteria apply.