The Construction Loan Agreement is essential for projects requiring progressive funding during construction phases in Australia. It is used when a lender provides financing for construction projects, whether residential, commercial, or infrastructure developments. The agreement carefully balances the lender's security interests with the practical needs of construction funding, incorporating mechanisms for progressive drawdowns based on construction milestones. This document type is specifically structured to comply with Australian banking regulations, construction laws, and security requirements, while providing clear guidelines for construction monitoring, payment distributions, and risk management. The agreement includes comprehensive provisions for construction scheduling, cost management, and project completion assurance, making it suitable for both simple and complex construction projects.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identifies the lender and borrower with full legal names and details
2. Background: Explains the context of the loan and construction project
3. Definitions and Interpretation: Defines key terms and interpretation principles specific to construction lending
4. The Facility: Details the loan amount, purpose, and general terms
5. Conditions Precedent: Specifies conditions that must be met before the loan becomes available
6. Construction Covenants: Outlines the borrower's obligations regarding construction process and timeline
7. Drawdown Mechanics: Details the process for requesting and receiving construction progress payments
8. Interest and Fees: Specifies interest rates, fees, and calculation methods
9. Repayment Terms: Details repayment schedule and conditions
10. Security: Describes the security arrangements for the loan
11. Representations and Warranties: Lists the borrower's declarations regarding their situation and the project
12. Construction Monitoring and Reporting: Details requirements for progress reports and inspections
13. Events of Default: Lists circumstances constituting default and consequences
14. General Provisions: Includes standard clauses like notices, amendments, and governing law
1. Guarantor Provisions: Required when there are personal or corporate guarantors for the loan
2. Multiple Properties: Required when the construction project involves multiple properties or stages
3. Builder Default Provisions: Additional provisions dealing with builder replacement or default scenarios
4. Insurance Requirements: Detailed insurance requirements beyond standard provisions for complex projects
5. Environmental Requirements: Special provisions for environmentally sensitive construction projects
6. Development Approval Conditions: Special conditions relating to development approvals and permits
7. Cost Overrun Facility: Additional facility terms for potential cost overruns
8. Pre-sales Requirements: Required for commercial construction projects with pre-sale conditions
1. Schedule 1 - Loan Facility Details: Detailed terms of the loan facility including amounts, rates, and fees
2. Schedule 2 - Construction Schedule: Detailed construction timeline, milestones, and completion requirements
3. Schedule 3 - Drawdown Schedule: Construction stages and corresponding drawdown amounts
4. Schedule 4 - Security Details: Specific details of all security provided for the loan
5. Schedule 5 - Construction Budget: Detailed project budget and cost breakdown
6. Schedule 6 - Required Insurance: Specific insurance requirements and minimum coverage amounts
7. Schedule 7 - Construction Documents: List of required construction documents including plans and permits
8. Appendix A - Progress Payment Certificate Form: Template for drawdown requests and certifications
9. Appendix B - Construction Certificate Requirements: Requirements for construction certificates and inspections
Relevant legal definitions
Acceptable Builder
Approved Construction Budget
Approved Plans and Specifications
Architect
As-Built Drawings
Authorised Officer
Authority
Building Contract
Building Inspector
Building Permit
Business Day
Certificate of Occupancy
Certificate of Practical Completion
Claim
Completion Date
Construction Certificates
Construction Documents
Construction Period
Construction Schedule
Construction Works
Cost Overrun
Default
Default Rate
Development Approval
Development Consent
Drawdown
Drawdown Notice
Drawdown Schedule
Event of Default
Facility
Facility Limit
Final Inspection
Financial Indebtedness
Force Majeure Event
Guarantor
Interest Payment Date
Interest Period
Interest Rate
Land
Loan
Loan Account
Material Adverse Effect
Milestone
Outstanding Amount
Permitted Security Interest
Progress Payment
Progress Report
Project
Project Costs
Property
Quantity Surveyor
Required Insurance
Security
Security Documents
Security Interest
Security Provider
Site
Substantial Completion
Survey Report
Title Documents
Valuation
Variation
Works
Approved Construction Budget
Approved Plans and Specifications
Architect
As-Built Drawings
Authorised Officer
Authority
Building Contract
Building Inspector
Building Permit
Business Day
Certificate of Occupancy
Certificate of Practical Completion
Claim
Completion Date
Construction Certificates
Construction Documents
Construction Period
Construction Schedule
Construction Works
Cost Overrun
Default
Default Rate
Development Approval
Development Consent
Drawdown
Drawdown Notice
Drawdown Schedule
Event of Default
Facility
Facility Limit
Final Inspection
Financial Indebtedness
Force Majeure Event
Guarantor
Interest Payment Date
Interest Period
Interest Rate
Land
Loan
Loan Account
Material Adverse Effect
Milestone
Outstanding Amount
Permitted Security Interest
Progress Payment
Progress Report
Project
Project Costs
Property
Quantity Surveyor
Required Insurance
Security
Security Documents
Security Interest
Security Provider
Site
Substantial Completion
Survey Report
Title Documents
Valuation
Variation
Works
Clauses
Interpretation
Facility Terms
Conditions Precedent
Drawdown
Interest and Fees
Repayment
Security
Construction Requirements
Project Monitoring
Insurance
Representations and Warranties
Undertakings
Events of Default
Enforcement
Cost Overrun
Variations
Progress Payments
Site Access
Builder Obligations
Completion Requirements
Environmental Compliance
Work Health and Safety
Confidentiality
Privacy
Assignment
Set-off
Force Majeure
Notices
Governing Law
Dispute Resolution
Amendment
Severability
Entire Agreement
Construction Warranties
Payment Terms
Default Interest
Property Access
Quality Assurance
Documentation Requirements
Reporting Requirements
Site Safety
Certification Requirements
Valuation
Title Protection
Risk Management
Regulatory Compliance
Facility Terms
Conditions Precedent
Drawdown
Interest and Fees
Repayment
Security
Construction Requirements
Project Monitoring
Insurance
Representations and Warranties
Undertakings
Events of Default
Enforcement
Cost Overrun
Variations
Progress Payments
Site Access
Builder Obligations
Completion Requirements
Environmental Compliance
Work Health and Safety
Confidentiality
Privacy
Assignment
Set-off
Force Majeure
Notices
Governing Law
Dispute Resolution
Amendment
Severability
Entire Agreement
Construction Warranties
Payment Terms
Default Interest
Property Access
Quality Assurance
Documentation Requirements
Reporting Requirements
Site Safety
Certification Requirements
Valuation
Title Protection
Risk Management
Regulatory Compliance
Relevant Industries
Banking and Financial Services
Construction
Real Estate
Property Development
Building and Infrastructure
Commercial Property
Residential Property
Infrastructure Development
Relevant Teams
Legal
Credit Risk
Commercial Lending
Construction Finance
Compliance
Property Finance
Project Management
Credit Assessment
Documentation
Risk Management
Relevant Roles
Commercial Banker
Construction Finance Manager
Property Development Manager
Credit Risk Officer
Legal Counsel
Construction Project Manager
Compliance Officer
Loan Officer
Credit Analyst
Property Finance Specialist
Development Manager
Construction Supervisor
Risk Manager
Banking Relationship Manager
Project Finance Manager
Find the exact document you need
Evergreen Loan Agreement
An Australian law-governed perpetual loan facility agreement establishing an ongoing credit arrangement with automatic renewal provisions.
Download
Personal Car Loan Contract
An Australian-law governed loan agreement for personal vehicle financing, compliant with national consumer credit legislation.
Download
Cash Loan Simple Loan Agreement
An Australian-law governed agreement establishing terms and conditions for a monetary loan between a lender and borrower, compliant with national credit protection regulations.
Download
Generic Loan Agreement
An Australian law-governed agreement establishing the terms and conditions for a loan between parties, including amount, interest, repayment terms, and security arrangements.
Download
Term Loan Agreement Non Regulated
An Australian law-governed agreement for a fixed-term commercial loan facility, setting out terms and conditions for business lending outside consumer credit regulations.
Download
Simple Equipment Loan Agreement
An Australian-compliant agreement governing the temporary loan of equipment between parties, including terms, conditions, and responsibilities.
Download
Model Loan Agreement
An Australian-compliant template loan agreement covering essential lending terms and regulatory requirements for use in commercial and consumer lending contexts.
Download
Facility Loan Agreement
An Australian law-governed agreement establishing terms and conditions for a loan facility, including facility amount, interest rates, repayment terms, and security arrangements.
Download
Computer Equipment Loan Agreement
An Australian-law governed agreement establishing terms for temporary computer equipment loans, including usage conditions, maintenance responsibilities, and return procedures.
Download
Standard Loan Agreement
An Australian-law governed agreement establishing terms for financial lending, including loan amount, interest, repayment terms, and security arrangements.
Download
Master Securities Loan Agreement
An Australian law-governed agreement template for securities lending transactions between financial institutions, establishing terms for securities loans and collateral arrangements.
Download
Film Equity Investment Agreement
Australian-law governed agreement for equity investment in film production, establishing investment terms, rights, and revenue sharing arrangements.
Download
Co Financing Agreement
An Australian law-governed agreement establishing terms for multiple lenders to jointly provide financing to a borrower, subject to Australian banking and corporate regulations.
Download
OverFacility Agreement
An Australian-law agreement establishing an overdraft facility between a financial institution and borrower, detailing credit limits, terms, and obligations.
Download
Investment Loan Contract
An Australian law-governed agreement establishing terms and conditions for investment financing, including loan details, security arrangements, and regulatory compliance requirements.
Download
Tripartite Loan Agreement
An Australian-law governed agreement establishing a three-way lending arrangement between a lender, borrower, and third party, detailing loan terms and party obligations.
Download
Loan And Mortgage Agreement
An Australian law-governed agreement establishing loan terms and mortgage security arrangements over real property, compliant with national credit and property legislation.
Download
Lease Hire Agreement
An Australian-compliant agreement governing the terms and conditions for hiring assets or equipment, suitable for both business and consumer leasing arrangements.
Download
Hire Purchase Agreement For Car
An Australian law-compliant agreement for purchasing a vehicle through structured payments, with ownership transferring to the buyer upon final payment.
Download
Deed Of Accession Loan Agreement
An Australian law-governed deed enabling a new party to join and assume rights and obligations under an existing loan agreement.
Download
Co Borrower Loan Agreement
An Australian legal agreement establishing terms and conditions for multiple borrowers to jointly obtain and repay a loan, subject to Australian federal and state lending laws.
Download
Bike Hire Purchase Agreement
An Australian law-governed agreement for the hire purchase of bicycles, establishing payment terms, usage conditions, and ownership transfer upon final payment.
Download
Bridge Loan Contract
An Australian law-governed agreement for short-term interim financing, establishing loan terms, security arrangements, and repayment conditions.
Download
Undertaking Loan Agreement
An Australian law-governed loan agreement detailing terms, conditions, and undertakings for financial accommodation between lender and borrower.
Download
Trade Finance Agreement
An Australian law-governed agreement establishing trade finance facilities between a bank and borrower, detailing products, terms, and security arrangements.
Download
Separation Financial Agreement
An Australian legal document that formalizes financial arrangements between separating couples under the Family Law Act 1975, detailing asset division and financial responsibilities.
Download
Seller Financing Car Contract
An Australian contract for selling a vehicle with seller-provided financing, compliant with national consumer credit and state vehicle regulations.
Download
Real Estate Loan Agreement
An Australian-law governed agreement establishing terms and conditions for a property-secured loan, including lending terms and security arrangements.
Download
Mezzanine Loan Agreement
Australian law-governed agreement establishing terms for subordinated debt financing, including facility terms, security arrangements, and subordination mechanics.
Download
Margin Loan Agreement
An Australian-compliant agreement governing margin lending arrangements between a financial institution and borrower, including security provisions and regulatory requirements.
Download
Loan Swap Agreement
An Australian law-governed agreement for exchanging loan payment obligations between parties, typically involving different interest rates or currencies.
Download
Loan Note Agreement
An Australian-law governed agreement documenting the issuance of debt securities, setting out terms for borrowing, repayment, and parties' rights and obligations.
Download
Loan Agreement Between Spouses
An Australian-compliant loan agreement for use between married spouses, documenting loan terms and conditions while ensuring protection under family law.
Download
Financial Support Agreement
An Australian law-governed agreement establishing terms and conditions for providing financial support between parties, including payment terms, conditions, and compliance requirements.
Download
Financial Assistance Agreement
An Australian-law governed agreement establishing terms for providing financial assistance, including funding conditions, repayment terms, and party obligations.
Download
Financial Agreement Between Two Parties
An Australian law-governed agreement establishing financial arrangements between two parties, including payment terms, security provisions, and regulatory compliance requirements.
Download
Equity Funding Agreement
An Australian-law governed agreement that sets out the terms and conditions for equity investment in a company, including share issuance, investor rights, and governance arrangements.
Download
Equipment Lease Purchase Agreement
An Australian-compliant agreement combining equipment leasing with a purchase option, allowing businesses to lease equipment with the possibility of ownership.
Download
Equipment Lease Agreement With Option To Purchase
An Australian law-governed agreement allowing equipment lease with future purchase rights, combining rental flexibility with acquisition options.
Download
Car Mortgage Agreement
An Australian-law governed agreement creating a security interest over a motor vehicle as collateral for a loan, compliant with national credit and personal property security legislation.
Download
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)