Site acquisition, funded through to construction.

Banks are conservative on raw land. The asset doesn't produce income, the timeline to value-add is long, and if a development application doesn't get approved the security falls back to bare-land value — which is often less than the purchase price. So bank land loans cap LVR low (50–60%) and price higher than equivalent secured commercial. Non-bank land lenders are less conservative but charge for it. For developers, that gap is the issue. You want to lock the site in, run the DA in parallel, line up the construction lender, and refinance into the construction take-out. The land loan is bridging finance, effectively, between site control and construction commencement. We size the loan to that purpose — short term (12–24 months), pre-paid interest where possible (so cashflow isn't drained on a non-earning asset), and structured to refinance cleanly into the construction lender of choice. The bank shortlist for land runs across the second-tier banks for established developers with strong balance sheets and decent LVRs. The non-bank shortlist: specialist non-banks, plus a handful of private and specialist short-term lenders for short-timeline deals. Pricing is on application — bank land loans price sharpest, with private short-dated funding sitting higher. For land-bankers — investors holding sites for medium-term redevelopment rather than immediate build — the product looks more like a standard commercial investment loan, sometimes with interest-only and longer term. The pricing is sharper but the LVR is lower.