Development Finance with No Pre-Sales Required
Access to a nationwide network of 200+ private lenders and specialist funding partners.
Helping developers connect with suitable private lenders for development finance with no pre-sales required across Australia.
Is this your situation?
No pre-sales development finance is often needed where the project is ready to proceed, but the bank wants pre-sales before approving construction funding.
The bank wants pre-sales
Your bank may require a certain level of pre-sales before it will approve or advance development funding.
You have DA approval
The project may be approved and ready to commence, but pre-sale requirements are delaying funding.
Construction is ready to begin
You may have plans, approvals, builder pricing and equity but still need a suitable lender.
You have a strong equity position
Private lenders focus on the loan-to-value ratio, security and developer contribution rather than pre-sales alone.
You are building townhouses or units
Small to medium residential development projects suit private lender appetites.
You need an indicative answer quickly
Private lenders can provide an indicative response quickly once the core project details are available.
What are pre-sales?
Pre-sales are contracts to sell part of a development before construction is completed. Banks often use pre-sales to reduce risk and prove market demand before approving development funding.
Why pre-sales can delay projects
Developers can lose time trying to achieve a required number of pre-sales, especially where buyers are reluctant to commit before construction starts or where the project is in an early stage.
Why private lending can be different
Private lenders can consider development finance without pre-sales by focusing on the security value, GRV, equity contribution, cost-to-complete, marketability and exit strategy.
Why banks require pre-sales.
Traditional lenders often use pre-sales as a risk control before providing construction finance for property development projects.
Banks commonly require pre-sales because of:
- Construction and completion risk
- Market demand and sales evidence
- Debt repayment risk
- Valuation and end-value uncertainty
- Prescribed development lending policy
- Project size or number of lots
- Concerns about exit strategy
Why Private Lenders Don't
- They can focus on current security value and GRV
- They may accept stronger developer equity
- They may assess the deal on LVR and exit strategy
- They can use short-term loan structures
- They may allow capitalised interest
- They can assess marketability commercially
- They may have more flexible project criteria
Common no pre-sales funding scenarios.
These scenarios often need a private lender that can assess the project differently from a bank.
Townhouse Development
Private development finance for townhouse projects where bank pre-sale requirements are holding up funding.
Duplex Construction
Funding for duplex projects where the developer wants to build and sell or refinance on completion.
Apartment Project
Private lender options for suitable apartment projects with strong security and clear exit strategy.
Subdivision Project
Funding for land subdivision, civil works and development stages where pre-sales are not practical.
Construction Ready
Projects with approvals, plans and construction pricing but no bank-approved pre-sale coverage.
Refinance Existing Site
Funding to refinance a development site or existing facility before construction or completion.
Strong Equity Deal
Scenarios where the borrower has a strong equity position and requires a lender that focuses on the asset.
Exit via Sale
Projects where the planned exit is sale of completed stock rather than pre-sales before construction.
Urgent Funding
Time-sensitive projects where a fast private lender response is required to keep the development moving.
Projects That Qualify.
Every lender has different appetite, but these project types can be suitable for private development finance without pre-sales depending on the security, equity, GRV and exit strategy.
Residential
Residential development projects where the security and completed value support the requested loan.
Duplexes
Two-dwelling projects where the exit may be sale, refinance or retention of completed stock.
Townhouses
Small to medium-density townhouse projects where bank pre-sale requirements may not be suitable.
Apartments
Apartment projects may be assessed based on marketability, valuation, GRV and overall risk position.
Land Subdivisions
Subdivision and civil works projects where pre-sales may not be practical at the funding stage.
Mixed-Use
Developments with residential and commercial components may be considered by selected lenders.
Commercial
Commercial development projects where the exit strategy, valuation and tenant/sale pathway are clear.
Residual Stock
Completed or near-completed stock where funding is required while sales are finalised.
What information helps private lenders assess the scenario?
You do not need a full bank-style application to make an initial enquiry, but no pre-sales scenarios need enough detail for lenders to understand the project.
Property Address
The site address and basic property details help lenders understand the location and security type.
DA / Approval Status
Development approvals, plans, permits and project documentation where available.
Project Type
Residential, duplex, townhouse, apartment, subdivision, mixed-use or commercial development.
Loan Amount Required
The total facility required including payout, construction costs, fees, interest and working buffer.
GRV / Feasibility
Gross realisation value, feasibility and cost-to-complete help determine the lending position.
Exit Strategy
Sale of completed stock, refinance, residual stock refinance or another clear repayment pathway.
Case study: townhouse project funded without pre-sales.
A developer had DA approval for a townhouse project and was ready to begin construction. The bank required significant pre-sales before funding, which would have delayed the project.
The developer had approvals, equity and a strong feasibility, but did not want to wait for bank-required pre-sales before commencing construction.
The scenario was introduced to a private lender that could assess the site, GRV, cost-to-complete, equity contribution and exit strategy without relying on pre-sales.
A short-term private development facility allowed construction to commence, with the planned exit through sale of completed stock and refinance if required.
A simple process designed for fast scenario assessment.
The goal is to get your no pre-sales development scenario in front of suitable private lenders quickly and receive indicative funding options within 24 hours.
- Submit your scenario
- We match your deal with suitable private lenders
- A private lender will make contact
- Receive indicative funding options within 24 hours
Frequently asked questions about no pre-sales development finance.
Common questions from developers, builders and project owners considering private development finance without pre-sales.
Can I get development finance with no pre-sales required?
Yes. Some private lenders can consider development finance without pre-sales where the security, equity position, project feasibility, GRV, loan-to-value ratio and exit strategy are acceptable.
Do private lenders require pre-sales?
Not always. Every private lender has different criteria, but some lenders focus more on the asset, developer equity, project fundamentals and exit strategy rather than requiring pre-sales upfront.
Why do banks require pre-sales?
Banks often require pre-sales to reduce construction and market risk, demonstrate buyer demand and support the repayment strategy for the development loan.
Can I get a construction loan with no pre-sales?
Yes. Private construction finance may be available without pre-sales where the project has suitable security, a strong valuation position and a clear pathway to repay the loan.
Can a townhouse project be funded with no pre-sales?
Yes. Townhouse projects can sometimes be funded without pre-sales by private lenders, depending on the location, GRV, cost-to-complete, developer contribution and exit strategy.
Can a duplex be funded without pre-sales?
Yes. Duplex projects are often assessed differently to larger developments and may be suitable for private funding without pre-sales, subject to lender appetite and the overall scenario.
Can apartments be funded without pre-sales?
Apartment projects may be considered by some private lenders, although the assessment will usually depend on the number of units, marketability, GRV, equity, construction risk and exit strategy.
Do I need DA approval before applying?
DA approval or development approval is usually helpful. Some lenders can also consider earlier-stage scenarios, but the stronger the approvals and project documentation, the easier it is to assess.
Can interest be capitalised on no pre-sales development finance?
Yes. Some private lenders can offer capitalised interest structures, meaning interest may be built into the loan facility rather than paid monthly during the term.
How fast can a no pre-sales scenario be assessed?
Indicative responses can be obtained within 24hrs where the borrower provides the address, project details, loan amount, development approval status, GRV, feasibility and exit strategy.
What information is needed for an initial assessment?
Useful information includes the property address, project type, DA or approval status, plans, feasibility, loan amount required, estimated GRV, cost-to-complete, existing debt and proposed exit strategy.
Who contacts me after I submit the scenario?
Once the scenario is reviewed and matched with suitable lending partners, a private lender or their representative can contact you directly to confirm requirements, structure and next steps.
Related development finance scenarios.
Every development project is different. Explore other private development finance scenarios that may also match your situation.
Funding Problems
Construction & Development
Land, Planning & Civil Works
Refinancing & Specialist Lending
Need development finance with no pre-sales required?
Submit the key details of the site, project type, loan amount, GRV, approvals and exit strategy so the scenario can be matched with suitable private lenders.
Submit your no pre-sales development scenario.
Send through the key details of the site, project type, loan amount, GRV, approvals and exit strategy.