No complex
financials
financials
Progressive
drawdowns
drawdowns
24 hour
approvals
approvals
Finance your next flip
Whether you are looking to purchase a property to renovate or adding value to one they already own, Prime Capital funds the project in stages as the work progresses.
Enquire about renovation finance
$500K–$5M
Loan size
6 months–3 years
Loan term
Up to 70%
Of the property's as-is value
Up to 70%
Of the as-if-complete value
Residential property
Apartments, townhouses, duplexes and houses in eligible S&P metro postcodes.
Who we lend to
Companies with an ACN
Finance for Australian company borrowers.
Self managed projects
Suitable for borrowers managing their own renovation projects, including property flippers.
No complex financials
No lengthy financial statements required.
What you need
to get started
Simply send us:
- Company name + ACN
- Guarantor ID
- Contract of sale or rates notice
- Project feasibility
- Scope of works
- Schedule of finishes
Prime can then assess the property, renovation and proposed exit.
Funding that moves with the renovation
Unlike a fully drawn loan, renovation funding is released progressively as the works are completed.
That means you can fund the acquisition upfront, then access renovation funds through monthly drawdowns as the project progresses.
- No build contracts.
- Monthly renovation drawdowns.
- Approval within 24 hours.
See how it works
Brisbane renovation
A residential property purchased for $660,000, with $102,000 invested in a complete renovation and reconfiguration.
The completed property was listed for $980,000–$1,020,000, with the project completed and listed for sale in approximately 3.5 months.
Ready to fund your next project?
Found the property? Tell us about the opportunity, your renovation plan and how much funding you need.
Got a renovation scenario on your desk?
Prefer to talk it through?
Call our Broker Support Hotline or email us at brokersupport@primecapital.com
Credit criteria, terms and fees apply. Information is general and not financial advice.