Private Loans for Partially Completed Builds (ANY Stage)
Access to a nationwide network of 200+ private lenders and specialist funding partners.
Helping developers connect with suitable private lenders for partially completed builds and unfinished construction projects across Australia.
What is partially completed build finance?
Partially completed build finance is private funding used when a house, townhouse, unit project, subdivision or development has started but cannot continue under the original funding arrangement.
When this type of funding is used
It is commonly used where the builder has gone bust, construction has stopped, the bank will not advance further funds, the project has run over budget, or additional money is needed to finish the build and preserve the value of the asset.
Why it is different to a normal construction loan
Traditional lenders often prefer clean construction projects from the start. Private lenders can sometimes assess the current value, completed value, remaining works, security position and exit strategy instead of applying standard bank policy.
We can help with incomplete and stalled construction scenarios.
These are the types of enquiries that often need fast private lender assessment rather than a full bank-style application process.
Unfinished House
Funding where a residential build is incomplete and additional money is needed to finish construction.
Builder Went Bust
Private lending options where the builder has gone into liquidation, stopped trading or cannot complete the job.
Builder Walked Off Site
Funding for projects where work has stopped and the borrower needs a pathway to restart or complete the build.
Construction Cost Overruns
Short-term funding where costs have increased beyond the original budget and the project needs extra capital.
Incomplete Townhouse Project
Private finance for partially completed duplex, townhouse, unit or multi-unit development projects.
Bank Declined Further Funding
Options where the bank will not provide additional funds due to policy, delays, valuation issues or servicing.
Owner-Builder Completion
Private lender introductions for owner-builders who need funding to complete an unfinished project.
Expired Construction Facility
Refinance or rescue options where an existing construction or development facility has matured or is close to expiring.
Avoid Forced Sale
Funding designed to help complete the project and avoid selling an incomplete asset at a distressed value.
Why private lenders approve projects that banks decline.
Incomplete construction can be difficult for banks. Private lenders often assess the deal differently, focusing on the security, project position and exit strategy.
Banks commonly decline because of:
- The original construction budget has blown out
- The builder has gone bust or walked off site
- The project is no longer within standard policy
- There are delays, disputes or incomplete documentation
- Further progress payments will not be released
- The borrower does not fit servicing requirements
- The lender is uncomfortable with the current build stage
Private lenders approve based on:
- Current security value and completed value
- Remaining cost-to-complete
- Loan-to-value position
- Clear exit strategy
- Project stage and feasibility
- Ability to capitalise interest
- Commercial assessment of the whole scenario
Private funding can be considered at any stage of construction.
Whether the project is early stage, halfway through or close to completion, the key question is whether the security, remaining works and exit strategy make sense to a suitable private lender.
Slab Down
Early-stage funding where the slab is complete but construction has stalled or requires more capital.
Frame Stage
Funding for builds where the frame is up but the project cannot proceed under the current funding arrangement.
Lock-Up Stage
Private lender options where the property is part-way through and needs funds for completion works.
Near Completion
Short-term funding to complete final works, obtain occupancy, sell, refinance or repay the facility.
Abandoned Sites
Funding can be considered where construction has stopped and the site needs a new funding pathway.
Builder Walk-Off
Options where the builder has left the job and the borrower needs to appoint new contractors or restructure.
Multi-Unit Projects
Townhouse, duplex, apartment and small development projects can be assessed based on valuation and exit.
Expiring Facilities
Refinance options for construction or development loans that are approaching maturity or already overdue.
What information helps private lenders assess the scenario?
You do not need a full bank-style application to make an initial enquiry, but the more detail supplied upfront, the easier it is to identify suitable lender options.
Property Address
The security address and basic property details help lenders understand the location and asset type.
Current Build Stage
Slab, frame, lock-up, fix-out, near completion or abandoned site position.
Loan Amount Required
The total funds needed, including any payout, completion costs, fees, interest and working buffer.
Estimated Value / GRV
The current value and expected completed value help determine the possible loan-to-value position.
Cost-to-Complete
An updated estimate of the remaining works, builder quote, quantity surveyor report or project budget.
Exit Strategy
Sale, refinance, stock sale, completion then refinance, or another clear pathway to repay the loan.
Case study: project rescued at 40% completion.
A developer’s bank withdrew funding mid-build due to delays and cost overruns. The project was around 40% complete and needed urgent funding to avoid a distressed sale.
The build had stalled, the original budget was no longer sufficient and the bank was unwilling to continue funding under the existing arrangement.
The scenario was introduced to a private lender that could assess the project based on the security, remaining works, completed value and exit strategy.
A short-term $1.8M private facility was arranged with capitalised interest, allowing the project to continue through to completion and sale.
A simple process designed for fast scenario assessment.
The goal is to get your partially completed build 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 partially completed build finance.
Common questions from borrowers, developers, owner-builders and brokers dealing with unfinished construction projects.
Can I get a private loan for a partially completed build?
Yes. Private lenders can consider loans for partially completed builds, unfinished houses, stalled developments and projects that are part-way through construction, subject to the security, valuation, loan amount, project stage and exit strategy.
Can I get finance if my builder has gone bust?
Yes. If your builder has gone bust, gone into liquidation, stopped trading or walked off site, private lenders may still consider funding to help refinance, complete or rescue the project.
Can I refinance an incomplete construction loan?
Yes. Incomplete construction loans can sometimes be refinanced through private lenders where there is sufficient security value, a clear cost-to-complete and a suitable exit strategy.
What stage of construction can be funded?
Private lenders can consider funding at many stages including slab, frame, lock-up, fix-out, near completion, abandoned sites and partially completed townhouse or unit developments.
Do I need full financials or tax returns?
Not always. Many private lenders focus more on the asset, loan-to-value position, project stage and exit strategy rather than requiring a full bank-style application upfront.
Can owner-builders get funding to finish a build?
Yes. Some private lenders can consider owner-builder completion funding where the property, construction position, cost-to-complete and exit strategy are acceptable.
Can private lenders fund construction cost overruns?
Yes. Private lenders can consider short-term funding where construction costs have increased and additional funds are required to complete the build.
Can I borrow extra money to finish an unfinished house?
Yes. Top-up or completion funding may be available where the security position and exit strategy support the requested loan amount.
How fast can a partially completed build scenario be assessed?
Indicative responses can be obtained within 24hrs where the borrower provides the address, loan amount, project stage, value estimate, cost-to-complete and exit strategy.
What information is needed for an initial assessment?
Useful information includes the property address, current project stage, loan amount required, estimated completed value or GRV, cost-to-complete, existing debt, builder status and proposed exit strategy.
Can a partially completed townhouse development be refinanced?
Yes. Private lenders can consider multi-unit and townhouse projects at different stages of completion, depending on the valuation, remaining works, security position and exit strategy.
Who will contact 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
Need funding for a partially completed build?
Submit the key details of the property, project stage, loan amount, cost-to-complete and exit strategy so the scenario can be matched with suitable private lenders.
Submit your partially completed build scenario.
Send through the key details of the property, project stage, loan amount, cost-to-complete and exit strategy.