Our land bank loans are designed to give you flexibility when you need it most. The team at Sparrow Loans can provide a loan approval generally within 2 business days. When you work with Sparrow Loans, we’ll review your loan and quote you the most competitive interest rates we have on offer.
A smooth experience for your land bank loan from start to finish with super-fast turnaround times.
To get your land bank loan started you need
An ABN or ACN | To be registered for GST | Australian based
Applying for a land bank loan shouldn’t be complicated – apply online & have approval in only 2 business days from Australia’s best private lender!
Developers and investors have their eye on DA approved sites on sale. If you have recently seen or committed to a great parcel of land with future potential, Sparrow Loans can help.
If you need to settle on your land fast, we can approve your loan within 2 business days and settle within two weeks.
You can use our land bank loans to borrow up to 65% of your development. If you need to cash out a portion of existing land, too, Sparrow Loans are ready to help.
Managing your cash flow has never been more accessible with our capitalised facilities. We can structure a flexible repayment option based on your investment strategy. For example, suppose you want to capitalise 100% or a portion of the interest costs as you plan to sell your land or roll it into a construction facility. In that case, we can accommodate this within the loan facility. With our land bank loan, you can lean on your property to get you through.
Whether you need a land bank loan for one month or 12 months, we give you the flexibility to choose your loan term. Your company must be at least registered for GST to access our land bank property loans. You must also be domiciled in Australia with Australian directors. We lend against property located in New South Wales, Victoria and Queensland. We can consider property in metro locations up to 65% LVR and regional locations up to 60% LVR.
See some land bank loan questions we get asked all the time by some of our clients.
A land bank loan is where a loan is secured by a specific type of security type – a non-income-producing block of land. Developers or property investors may purchase a block of land for future development purposes, hold and re-sell at a more opportune moment, or see through the Development Application process to sell it for a premium once approved but before construction.
Sparrow Loans can accept vacant land as security if it is DA Approved, it is held for investment purposes and has a strong exit strategy. Therefore, we prefer to deal with DA Approved land. In a typical scenario, the owner has recently achieved a DA Approval and may be seeking to cash out on the added value to the site compared to its original value at its non-DA Approved valuation. Alternatively, the owner may be looking to refinance their DA Approved site as it is not the right time to move into construction or sell the land.
Unfortunately, no. We are only able to lend against regional or metro located properties.
We will require a copy of any previous valuation reports, a copy of the DA Approval, a schedule of settlement costs, a statement of position (Asset and Liability list) of the borrowing entity and directors, and any additional information that may be relevant to the scenario.
You can generally get approval for your land bank loan within 48 hours.
Yes, this is preferred as it is unlikely that the land will generate any income to service the loan interest repayments during the loan. The interest is typically capitalised within the maximum allowable LVR. For example, our maximum LVR for land banks is 60% for regional land and 65% for metro land.
Request a copy of our Information Memorandum to find out more
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Sparrow Loans is a Sydney based boutique private lender & takes the work out of getting Commercial Business Loans, Bridging Finance, Tax Debt Loans, Construction Loans, Primary Loans & Secured Business Loans. Access $200,000 to $2.5 million in only 2 business days! We are fast, friendly and 100% Australian owned.
Address:
L15, 175 Pitt Street, Sydney NSW 2000
Phone:
1800 258 374
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