NWF Capital
Private construction and development finance for builders, developers and investors. No presale requirements, progressive drawdowns, and a decision within 24 hours.
At a Glance
Overview
NWF Capital is a private construction lender funding builders, developers and investors on residential and commercial projects across Australia. We fund land, construction and completion — without the presale requirements that hold most bank-funded projects back for months before work starts.
Construction finance from a bank typically arrives with a presale target, rigid covenants and a credit process measured in months. Private construction finance is built differently: we underwrite the project on its numbers, the strength of the sponsor and builder, and the exit. If the project stacks up, it gets funded — and you get a decision within 24 hours of a complete submission.
Private construction loans cost more per annum than bank money. What they buy is time, certainty and retained margin: no discounting stock to hit presales, no six-month wait before commencement, and a lender who understands construction and stays with the project through to completion.
Projects
Residential development — duplexes, townhouse projects, boutique and mid-rise apartments, and house-and-land programs. Commercial construction — childcare centres, medical and allied health buildings, retail, offices and serviced apartments. Industrial — warehouses, factory units and strata industrial projects. Land and subdivision — englobo acquisition, land banking pending approvals, and civil works for subdivisions.
Completion funding for part-built projects where a bank facility has stalled, costs have overrun, or the original lender has stepped away. Mezzanine and second mortgage funding behind a senior construction lender to close an equity gap. Residual stock facilities that refinance unsold completed units so stock can be sold at full value.
Presales
Presales are how banks outsource market risk: if the stock is already sold, the bank’s exit is contracted before construction begins. That suits the bank. For the developer it means discounting the best stock to qualifying buyers and adding six to twelve months before a slab is poured.
We take the risk differently — by lending conservatively against total development cost and gross realisation value so there is a real equity buffer, and by assessing the exit realistically rather than optimistically. On projects with genuine margin, starting a year earlier and selling completed stock at full price regularly outweighs the difference in rate.
Our guide Construction Finance Without Presales goes through how no-presale funding is assessed in detail.
Structure
Progressive drawdowns. Funds are released in stages aligned to your build program, typically verified by a quantity surveyor against each progress claim. You pay interest only on capital actually drawn.
Capitalised interest. Interest is capitalised through the construction period, so there are no repayments while the project produces no income.
Terms matched to the program. Facilities are sized to your realistic construction timeline plus a sell-down or refinance window. Extensions are available where a project needs breathing room, and we would rather structure a realistic term at the start than renegotiate under pressure at the end.
Land and construction together. Acquisition and construction can be funded under one facility or in stages, with a land facility carrying the site while approvals are finalised.
Assessment
Three things drive the credit decision. The numbers: gross realisation value on completion, total development cost including finance and holding costs, and the margin between them. A project without a margin buffer is a project without a safety net. The sponsor and builder: your track record, the builder’s capability and capacity, and whether the build contract and cost plan stand up. The exit: sell-down on completion, refinance to an investment facility, or a combination — modelled with realistic sales rates and timeframes.
Where a project does not work at the amount requested, we will tell you why and what would make it fundable, rather than leaving you waiting on a decision that never comes.
Process
Send the site, approvals, cost plan or build contract, end value and exit.
We assess the numbers, sponsor and exit and respond within 24 hours.
A term sheet sets out the facility, drawdown structure, rate and every fee.
Documents are signed, the mortgage is registered and the land component settles.
Construction funds are released against verified progress claims through to completion.
Builders
Builders and developers come to us for more than project loans. We fund working capital secured against property a builder already owns, deposits on the next site while capital is still tied up in the current project, and short-term facilities to bridge the gap between completion and settlement of sold stock.
If you are a builder with property equity and a timing problem, talk to us before it becomes a cash-flow problem.
FAQ
No. We assess the project on its gross realisation value, total development cost, margin and exit rather than requiring a proportion of stock to be pre-sold. That lets you start earlier and keep margin on completed stock instead of discounting it to hit a bank’s presale target.
Residential and commercial projects including duplexes, townhouses, boutique apartments, serviced apartments, childcare centres, medical and retail buildings, warehouses and industrial units, mixed-use developments and land subdivisions.
Progressively, against your build program and claim schedule, generally verified by a quantity surveyor at each stage. You pay interest only on the funds actually drawn, not on the full facility from day one.
Generally no. Interest is capitalised through the construction period and repaid at completion from the sale of stock or a refinance, so your cash stays in the project.
Yes. We fund land acquisition, construction, or both, either as a single facility or in stages. Where a site is being held pending approvals, a land facility can carry it until construction funding is drawn.
Yes. Completion funding for part-built projects is a regular part of our book — including where a bank facility has been withdrawn, costs have overrun, or a builder has left the site.
Yes. Where a senior lender is funding the majority of the project, we can provide mezzanine or second mortgage funding to close the equity gap.
Yes. Residual stock facilities refinance unsold completed units so the construction loan can be repaid and stock can be sold down at full value rather than discounted to meet a deadline.
A fixed-price contract with a licensed builder is the cleanest path, but a robust cost plan with appropriate contingency is also considered. Owner-builder projects are assessed on their merits.
We lend conservatively against both total development cost and gross realisation value so the project carries a real equity buffer. The ratio depends on the project type, location, approvals and your track record.
Within 24 hours of a complete submission. A complete submission covers the site and approvals, the build contract or cost plan, a feasibility or valuation supporting the end value, your equity contribution, and the exit.
Yes. Brokers deal directly with the decision-makers, get a straight answer on appetite within 24 hours, and keep ownership of the client relationship.
Our Full Range
Every NWF Capital facility is secured by Australian property and assessed on the security and the exit. If this product isn’t the right fit, one of these may be.
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