Construction loans for your new build, renovation or knock-down rebuild. Construction loans release funds as your project progresses, so you only pay interest on what's been drawn. Shane will match you with the right lender and guide you from first draw to completion.
Types of construction lending
Every build is different. Shane will find the right loan for yours, at a $0 brokerage fee.
New build
Financing from land purchase through to completion. Funds release progressively at milestones, slab, frame, lock-up and completion. Interest accrues only on drawn funds.
Renovation and extension
Finance improvements, extensions, and major renovations. Draws staged as work progresses. Shorter terms, often 12 months, since projects typically complete faster than new builds.
Knock-down rebuild
Demolish and rebuild on existing land. Shane coordinates refinancing of your current mortgage alongside new construction financing for a seamless transition.
Land and construction
Buy vacant land first, build later. The initial draw purchases the land, and subsequent draws finance the construction.
Shane also arranges home loans, first home buyer loans, refinancing, investment loans, pre-approval, self-employed home loans, debt consolidation and specialist lending.
Progress draw payments
Unlike a standard mortgage, construction loans release funds progressively as your build reaches each milestone. You only pay interest on what's been drawn.
Land and deposit
Initial draw to settle land.
Slab
Excavation and concrete slab poured.
Frame
Structural frame and roof erected.
Lock-up
External walls, windows, and doors fitted.
Completion
Fixtures, fit-out, and final handover.
Construction loan or standard mortgage
Construction loan
- Funds release progressively at milestones
- Interest only on drawn amounts
- 12–24 month term, converts to a standard home loan
- Interest-only during the build phase
Standard mortgage
- Full amount disbursed at settlement
- Interest on the entire loan from day one
- 25–30 year standard term
- Principal and interest from the start
Construction finance is complex. A specialist broker makes all the difference.
Shane is absolutely amazing. He makes the whole process so seamless and supports you every step of the way. He is honest and very approachable. Would definitely recommend.
You won't find a better Broker in Sydney!! Shane got us the best deal and went well beyond the call of duty to ensure our deal went through without a hitch. Thank you for all your help Shane, we couldn't have done this without you!
Shane has been absolutely amazing. His professionalism and availability at every step made this whole process so much easier. He answered all our 1,000 questions with such patience and expertise, which gave us the confidence to take this big step. We truly recommend him.
Shane's knowledge, expertise, efficiency, communication & customer service is top tier. He was super helpful in explaining things I didn't understand & in a timely manner. Kept us informed at all times as to where our application was at etc. Would definitely recommend. 10/10. Thanks Shane!
I had a great experience working with Shane. He was professional, knowledgeable, and always quick to respond to any questions or concerns I had throughout the process. His communication was excellent, and he made everything straightforward and stress-free. I really appreciated his reliability and dedication, and I wouldn't hesitate to recommend him to anyone looking for a trustworthy broker.
Finding the right mortgage broker can be daunting, but save yourself the time and go to Shane from Finance Craft. He is experienced, responsive, and patient with all questions. Shane acted promptly to remove any blockers and challenges, ensuring a smooth and stress-free process. He was always available for questions and calls, demonstrating his commitment and dedication, guiding us every step of the way and making the entire experience seamless. We will use his services for future property finance matters. Highly recommended, thanks Shane!
Your construction loan journey
Project review
Shane reviews your scope, builder contract, timeline, and budget to understand your construction lending needs.
Lender match
Shane compares 30+ lenders and submits applications with full project documentation and builder assessments.
Build and convert
Shane coordinates draw requests throughout the build and converts to a standard mortgage on completion.
Ready to start building?
Book a free call. No obligation. Just the right construction loan for the build you have planned.
Your local Sydney Eastern Suburbs broker
Shane specialises in helping clients across Coogee, Clovelly, Bronte, Bondi, and all surrounding Eastern Suburbs.