Construction & Development Finance

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GenConsolidated Holdings recognised a significant gap in mainstream banking's understanding of the risk profile and business model of land lease development.

 

Gen already understands the stability and predictability of land lease development compared to other aspects of the construction industry. 

 

Strategically for Gen we sought construction and development finance that matched our consumer finance model wherein consumers weren’t burdened with progressive payments to builders.

 

Gen has taken that first step in the establishment of a panel of lenders to exclusively service our subscriber land lease developers by partnering with Austar Finance as our first land lease construction and development financing partner. We are negotiating with other financial institutions to participate in our panel to provide competitive funding packages to developers nationally.

 

This initiative essentially enhances the pipeline of housing product for Gen’ customers and those of developers nationally.