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The $300k-to-complete scenario - solved in days

Business Loan to Finish
Your Home or Project

Name: Mortgagefy
Address: Sydney, NSW, AU
Telephone: +61432634648
Price range: Free

By the Mortgagefy Team · Credit Rep 532656 of ACL 348324 · Published 2026-10-15 · Last reviewed 2026-10-15

When your home construction loan is maxed and you need $100k-$600k for 1-6 months to finish the build - we structure a short-term business or caveat facility against your business, so your home-loan picture stays clean.

Start Your Free Assessment 0432 634 648

Free Business & Commercial Assessment

Takes under 3 minutes. We'll match you with the right lender for your situation.

Who this is for

Business owners, builders and developers who are in the final stage of a project (home or commercial) and need bridging capital for 1-6 months.

Business owner building the family home who hit variations and ran past the construction-loan drawdown schedule
Developer who needs $200k-$600k to complete fitout before PC on a small residential dev
Builder with a cash-flow gap between PC on one project and the next progress claim being paid
SMSF or trust-held property owner needing bridging to lock in completion before a tenant moves in
Business owner wanting to keep the project out of a construction-loan variation (which adds 6-8 weeks)

The real challenge

Residential construction loans are drawn in fixed stages (slab, frame, lock-up, fixing, completion) at amounts set when the build contract was signed. If you've paid for variations, if materials have gone up, or if the build has run long, the final drawdown often leaves a shortfall - $100k to $600k is common. The bank can approve a variation but that typically takes 6-8 weeks and the trades won't wait.

A short-term business or caveat loan solves it in days. The exit is the completion of the build (sometimes paired with a refinance of the home loan to a standard product once Occupation Certificate issues). Pricing is higher than a standard home loan but you get the house finished and your trades paid.

How Mortgagefy helps

Fast short-term bridging. $100k-$600k, 1-6 month term, settle in 5-10 business days against caveat or second mortgage security.
Exit strategy built in. Primary exit is OC + refinance of the home loan to a standard product (now that the house is complete and valued at full OC value, you may qualify for a better LVR). Secondary exit is sale of another property or scheduled business receivable.
Business-purpose structure. We frame the facility as business purpose (which it is - it supports your business owner's ability to complete the project while trading continues), opening up specialist short-term commercial lenders.
Honest total cost shown upfront. You see the dollar cost over the term, compared to the cost of lost trades, holding charges and extended rent. The maths usually works - but you decide with full numbers.

Need to model repayments first? Try our Sydney loan calculators for an indicative figure.

How it works

Fast scoping call

15 minutes - amount needed, where the build is up to, when OC is expected, what security you can offer, your business cash-flow picture.

Fast indicative term sheet

Indicative term sheet from 1-2 short-term lenders based on your scenario.

Compact documentation

Caveat or second-mortgage security, current build status (QS report or builder's schedule), ID, business bank statements.

Settlement in 5-10 days

Funds disbursed; trades paid; build completes; primary exit (home loan refinance) kicked off 30 days before expiry.

Get a personalised answer in 2 minutes

Free, no obligation. We'll match you with the right lender for your situation.

Frequently asked questions

Why not just ask the construction lender for a variation?

You can - but residential construction variations typically take 6-8 weeks (new valuation, credit re-assessment, revised schedule). If your trades are threatening to stop or liquid-damages clauses are kicking in, 6-8 weeks is too long. Short-term bridging solves it in days.

What's the typical cost?

Pricing varies by security type and LVR. Expect roughly 1-2% per month plus establishment fees of 1-3%. On a $300k facility for 3 months, total cost is typically $12k-$25k - compared to the cost of walking off a build (lost trades, holding charges, extended rent on your current home, risk of forfeiting the deposit).

What security do I need to offer?

Options: caveat over the construction property (lowest LVR, fastest), second mortgage behind the construction loan (middle), first mortgage over another property you own (usually priced sharpest). Each has trade-offs we'll walk you through.

How does the exit work?

Primary exit: once the Occupation Certificate issues, you refinance the construction loan + the bridging loan into a standard home loan (or construction-converted-to-permanent). Secondary exit: sale of another asset or a scheduled business receivable.

Can I use this facility while my construction loan is still drawing?

Yes - the bridging facility sits alongside the construction loan. The construction lender keeps drawing per their schedule; the bridging covers the shortfall. When OC issues, both facilities get refinanced out together.

Will this impact my credit file?

A short-term business facility does appear as an enquiry if your file is credit-checked. Most private credit lenders use ID checks rather than deep credit enquiries, so the impact is minimal. We'll flag which lenders check what.

Can I use this if I'm not technically a business owner?

The facility is structured as business purpose when there's a legitimate business connection - your trading business supports your ability to repay, or you're developing property with intent to sell/lease. We'll work out the right structure in the first call.

Get your free project-completion finance assessment

$100k-$600k in 5-10 days. 1-6 month term. We structure the facility so your home-loan picture stays clean and you finish the build.

Start Your Free Assessment Call 0432 634 648

Related guides

Short-Term Business Loan

The general category this product sits inside.

Development Finance Sydney

For actual developers rather than owner-builders.

Business Loans Sydney

Longer-term business facilities for working capital.

Commercial Property Loans Sydney

Permanent commercial finance to refinance into.

Construction Home Loans

Standard residential construction loan (what this bridges).

Low Doc Business Loan

Alt-doc business facilities for self-employed.

Information checked October 2026. This information is general in nature and does not take account of your personal objectives, financial situation or needs. Business, commercial and development finance eligibility, pricing and documentation varies by lender and changes frequently. Confirm current requirements with your chosen lender and seek professional advice before applying. Mortgagefy — Credit Representative 532656 of ACL 348324.

Business Loan to FinishYour Home or Project