GR lending is standard practise in the development market.

Those lenders that offer this will base the lending on a variety of factors including Directors Assets & Liabilities, income both from within and outside of the project, pre-sales dependant on the number of units in the development and total viability of the project.

70% GR should be readily available.

Might find it varies if the loan is P & I or interst only.

With Anz for example on a P & I loan it is 2.69% but on IO it increases to 3.36%.

Cath

What documentation do you need to give potential investors when raising funds?
As a general rule, if you are a public company offering securities for sale (for example shares or debentures) then you must provide a disclosure document of some sort to potential investors.

A disclosure document is the broad term used to describe all regulated fundraising documents for the issue of securities (for example shares or debentures).

There are three types of disclosure document:

• a prospectus
• an offer information statement, and
• a profile statement.

All companies entitled to fundraise can use a prospectus. You may also be able to use an offer information statement or a profile statement depending on the type of fundraising you intend to do and whether you satisfy the restrictions imposed on using those documents. The type of information you'll be required to provide in each of these disclosure documents is different in certain respects.

Prospectuses
A prospectus is the standard disclosure document and has the broadest information requirements. If your prospectus offers securities listed on a stock exchange it may not need to contain as much information as others because much of the information will already have been provided to the public through the exchange. 

Offer information statements
An offer information statement (OIS) has lower disclosure requirements but can only be used for fundraising up to $5 million in aggregate, that is, including any earlier fundraising under an OIS. If you want to use an OIS you must be able to include with it a copy of an audited financial report with a balance date within the last six months.

Profile statements
A profile statement is a document setting out limited key information about the company and the offer. Companies can only use profile statements where ASIC has approved their use. There are currently no approved uses for profile statements.

Lodging prospectuses and other disclosure documents
You must lodge your disclosure document with ASIC before it can be used to raise funds.

When you have completed the preparation of an offer document:

• use OFFERlist Entry to record summary information about your offer for display on OFFERlist. This summary information will be stored and not published on OFFERlist until the disclosure document has been physically lodged with ASIC.
• If you plan to distribute the disclosure document electronically you must also lodge an electronic version of the disclosure document via OFFERlist Entry.
• Lodge your disclosure document with the appropriate fee as follows:

• If by courier or post, to your state or territory's ASIC Regional Office
• If by hand delivery, to your state or territory's ASIC Service Centre, unless you are based in NSW. NSW documents should be hand delivered to the NSW Regional Office

   
  Under what circumstances can you fundraise without a disclosure document?
  There are a number of circumstances when we will give an exemption from the requirement to provide a disclosure document when fundraising. It is important that you get legal advice about whether they apply to you. A general summary of the exemptions is provided here. 

  In summary, a disclosure document is not required when: