Arranged construction finance to successfully completed Commercial Property Development

Arranged construction finance to successfully completed Commercial Property Development

Woolworths Medowie, NSW


  • Major shareholder came into financial distress during the project, significant works completed on site
  • Bank perceived that shareholder put the development company at risk and therefore ceased funding
  • Numerous contractors were unpaid
  • Anchor tenant’s deadline unable to be met, reluctant to extend Agreement to Lease terms

Development Finance Partner’s scope

  • Negotiate Agreement to Lease extensions with Anchor Tenant (vital for the project to be feasible)
  • Arrange highly-geared alternative funding to complete, with a lender who would not negatively perceive the shareholder/developer
  • New construction funding to include payment to unpaid contractors for existing works.


  • 6 month delay to delivery date negotiated with Anchor Tenant
  • Arranged funding to complete, including payment to contractors for existing works, at very high gearing level of 83% of on-completion value
  • Project successfully completed.

Contact us to see how we can turn your plans into reality.

Leave a comment

Your email address will not be published. Required fields are marked *

For expert advice:

Sydney Office

Level 3, 31 Alfred St
Sydney NSW 2000
P / 02 8916 6246

Melbourne Office

Level 30/35 Collins Street,
Melbourne VIC 3000
P/ 03 8692 0082

Brisbane Office

Level 18, 175 Eagle Street
Brisbane QLD 4001
P / 07 3041 4136

See all contact details >

Insight Categories /

Topics /

洞察类别 /


Share on Facebook
Share on LinkedIn
Tweet about this on Twitter