Property development finance is short-term funding for residential, commercial and industrial development projects. It can involve financing the purchase of the land and progress (staged) payments for covering associated costs to complete the development.

Torrent Securities offers a range of different loans including investor loans, development loans, and bridging loans - so long as they are secured by property on a first mortgage basis.

Construction and development finance is core business for Torrent, including commercial, industrial and residential developments and land subdivision.

Torrent Securities can structure interest payments to meet the needs of the financing proposal.
Options include:

- Capitalised Interest
Interest is calculated and added to the loan balance each month with the total amount of capitalised interest and principal paid in full at the end of the term.

- Interest Only
Interest is charged and paid monthly on the loan balance.

- Principal and Interest
Regular payments of both interest and principal are made, generally on a monthly basis (with quarterly or 6 monthly options also available in certain circumstances).

The amount borrowed depends on several factors, including the value of security, the exit strategy proposed and the earnings of the borrower (if applicable). Torrent Securities can fund up to 75% of the value of the security, depending on the location and type.

Torrents Funding facilities start at $2,000,000 on a single project.

Torrent Securities typically charges an application fee between 1 and 2% (plus brokerage if applicable), this will normally be capitalised onto the loan so nothing is paid up front. Depending on the circumstances, a line or management fee may also apply. Fees are customised to each transaction depending on the circumstances and are always fully disclosed.

Under the AML/CFT Act, all financial institutions and banks are required to collect more information to verify a customers identity, and source of funds. There are time related constraints on the acceptance of these details so even if you have been a client of Torrent Securities trusts and companies (or a related entity) before, we may need to ask you to update this information.

The statutory requirements mean that all entity types including individuals, need to provide information about the entity and anyone who acts on its behalf before Torrent can enter into a transaction.

The Act affects all financial Institutions and banks without exception so we are required, by law to complete the correct verification. If you have any questions around the AML/CFT criteria please do not hesitate to contact us.