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Capability 01 · Senior Construction Debt

Development finance, structured to survive credit committee.

Senior debt, stretch senior and construction funding for residential, commercial, industrial and mixed-use projects from $10M to $500M+. Whole-of-market access across tier-1 banks, mid-tier banks, non-bank senior lenders and private credit — matched to the optimal capital source, not the easiest one.

$680M+
Development debt settled
92%
Mandate-to-settlement conversion
48hr
Indicative terms from mandate
60+
Active senior lender relationships
Why Evcorp

The same deal, a better outcome.

Sponsors who engage Evcorp before approaching lenders consistently achieve higher approval rates, tighter pricing and better terms. Here is why.

01.

Maximised approval probability

Sponsors who engage us before approaching lenders see materially higher credit-committee approval rates. We structure the package to address the live questions your credit assessor will ask — before they ask them.

02.

Whole-of-market pricing tension

We run a competitive process across tier-1, mid-tier and non-bank senior lenders simultaneously. The tension protects margin, reduces conditions precedent and surfaces the lender most motivated for your asset class.

03.

Banker-grade structuring

Founded by a former commercial banker. Every information memorandum, financial model and sensitivity is built to credit-floor standards so the deal converts on first credit submission, not after three rework cycles.

04.

Direct senior dealings

You deal with a principal from first call to settlement. No junior handovers, no sales-to-credit fumbles, no surprises at term-sheet stage.

How it works

From brief to settlement in four steps.

01

Brief

30-minute call to scope the project — sector, location, quantum, timing, sponsor experience, pre-sales position, builder.

02

Indicative

Within 48 hours we return indicative term sheets from 2–3 best-fit lenders with pricing, LVR, conditions precedent and timing.

03

Mandate

You select the preferred path. We prepare the formal IM, financial model and credit submission to your chosen lender(s).

04

Settle

We project-manage credit submission, conditions precedent, valuations, builder due diligence and settlement — direct to the lender's credit floor.

What we finance

Built for the deal in front of you.

We finance income-producing and to-be-built commercial real estate across all major Australian markets. Senior debt is our anchor product, but for the right deal we'll lead a full capital stack — senior, stretch senior, mezzanine and preferred equity — under a single mandate.

Where pricing or leverage is the live constraint, we'll structure across the bank / non-bank / private-credit spectrum to find the unlock.

Typical structure
Quantum$10M – $500M+
Asset classesResi, commercial, industrial, mixed-use
Senior LVRUp to 65–70%
Stretch senior LVRUp to 75–80%
Term12 – 36 months
PricingBBSY + 1.85% to + 6.50%
Capital sourcesBank · Non-bank · Private credit
FAQs

Frequently Asked Questions — Development Finance

What is development finance?
Development finance is a specialist property loan used to fund the construction or significant development of residential, commercial, industrial or mixed-use property. Funds are released progressively as construction milestones are certified, with typical terms of 12–36 months.
How much development finance can Evcorp arrange?
Evcorp arranges development finance from $10 million to $500 million and above across all major Australian markets. There is no formal upper limit — we have structured capital stacks for large residential, commercial and mixed-use developments.
What LVR is available for development finance in Australia?
Senior development finance typically ranges from 65–70% of total development cost. Stretch senior can extend to 75–80%. With a mezzanine or preferred equity tranche, total leverage can reach 85–90% of total development cost depending on project type, location and presales position.
Can Evcorp arrange development finance for commercial and industrial projects?
Yes. Evcorp arranges development finance across all asset classes including residential, commercial, industrial, mixed-use and specialised assets. Our whole-of-market lender relationships include specialists in each sector.
What is stretch senior debt?
Stretch senior is a single-lender, first-mortgage facility that extends leverage beyond a standard senior loan — to roughly 75–80% LVR compared with 65–70% — priced at a higher margin. It avoids the need for a separate mezzanine lender and inter-creditor deed, which can be simpler and faster for projects that need moderate additional leverage.
Related

Other capabilities.

Land Bank Finance

Holding finance for strategic land acquisitions, aligned to your DA timeline.

Acquisitions

Pre-settlement acquisition finance for commercial and investment-grade property.

Preferred Equity

Optimise the capital stack alongside your senior facility.

Stop leaving margin on the table.

Send a one-line brief — sector, location, quantum, timing — and a director will respond within one business day with indicative pricing.

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