Land Bank Loans; the Sparrow Loans difference.
Are you thinking about the future potential of a site?
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.
Our flexible repayment options
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.
Choose your land bank loan term
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.