BigFundr’s Deals are typically less than 12 months. What then is the typical construction period for the Deals that I participate in? At what point does BigFundr go in to fund the real estate project?

The typical construction period is around 24 months. BigFundr prefers to take a conservative approach and fund the projects only towards the later stages of construction. We prefer to keep the tenure short, when the developments are already nearing the final stage of construction, so that our representatives can witness them on-site. At this stage, considerable units may have been sold or rented out, minimising any potential default risks. Once the construction is completed, the Borrower will then proceed to refinance the loan with the big banks, and we will return the proceeds to our investors.

Alternatively, BigFundr may also lend on sites for land sub-division, only where there is planning consent in place. BigFundr would typically only lend on such land deals where there is already a significant uplift in land values.