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Build
Land and Construction
The Onyx Premium Loan can be used to finance the purchase of land and construction of your home with progressive payments during construction. Loans can be provided where you have construction plans and permits in place ready for immediate construction. Alternatively finance can be provided for vacant land only purchases if you don't have plans ready.
Renovating
After you've renovated your property you expect its value to be higher. By borrowing against the post-renovation value before you renovate your Onyx Premium Loan may be able to pay for your renovation. Your existing loan can be refinanced and progress payments made for the renovation portion of your loan.
Owner Building
Owner builders find it difficult to find a home loan but the Onyx Development Loans can help. This is a Lo Doc loan that can assist with projects that don't fit into normal funding criteria.
Small Subdivisions
If you want to buy a property and subdivide, use the Onyx Premium Loan or the Onyx Development Loan to make your initial purchase and finance the construction of the new properties on the subdivision.
Small Developments
Developments of up to six units can be financed using the Onyx Development Loan.
Larger Residential Developments
Development with more than six units can be funded using the Onyx Commercial Loan.
Commercial and Industrial Developments
The Onyx Commercial Loan can be used for the construction of commercial or industrial properties.
To discuss any of the above loan options with our advisors, contact us.
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