These are the same questions the Fund uses to qualify a project. Submitting emails a CSV of your answers to the team. You can also download that file on the next screen. This is not an application for credit and not an offer to lend.
The six mandatory gates. Same questions the team uses on a project.
Include capitalised interest and fees if they form part of the limit.
Borrower equity is tested against total project cost. The screen is at least 20%.
Checked against gross realisation, and against cost if both are entered.
The Fund range is 6 to 24 months.
Who is borrowing, and who controls the entity.
Amount, purpose, and both repayment paths.
Interest has to be funded through the term: paid monthly, prepaid, from presales, or capitalised inside the facility.
What the Fund can register and recover.
Confirmed, or made a condition before drawdown.
The controls that apply to this funding type.
A construction project needs an approval in place, substantially advanced, or a condition before the relevant draw.
Builder, quantity surveyor and the construction downside test are not applied to this funding type.
Certification before the file can be assessed.