Senior Debt loan $1.3m for Business Working Capital to Assist With Purchase Of A Business Asset From A Business Partner

BACKGROUND Development Finance Partners (DFP) was engaged to provide a cash out facility for business working capital to buyout an exiting business partner. The cash-out was against unencumbered land in Tasmania and construction funds to complete some projects under construction. The client has been a long standing client of DFP for the past 15 years […]

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Construction Facility No Pre-Sales Stage 4 Covid-19 Lock Down Melbourne, Victoria $11,000,000

BACKGROUND Development Finance Partners (DFP) was engaged by its builder/developer client to procure funding for a 4 level, 19 apartment project to be constructed in suburban Melbourne.   THE KEY ISSUE IN SOURCING FUNDS While the client was seeking a competitive funding package with no pre sales. The escalation of the Covid-19 crisis in Melbourne […]

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Cheap Money Isn’t Easy Money When It Comes To Development Funding

The current economic climate has had a profound effect on the property development sector, particularly on the way projects are financed. While interest rates are low, lenders are few and far between Interest rates are currently at a record low and are expected to remain low over the coming years as a result of the […]

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Workouts: The Who, What, When, and Why

When unexpected changes in the market arise, it is important for developers to turn to experts early on to ensure that projects not only stay afloat, but also turn a profit. According to the Bureau of Statistics’ most recent figures, Australia’s economy shrank by 0.3% in the March quarter, suggesting that recession is inevitable. ABS […]

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Banter with Baxter (Part 1 of 5): Banter with Andrew Blundell from Worrells

DFP Director Baxter Gamble chats with Andrew Blundell from Worrells Accountancy and Insolvency. In the first of a series of 5 videos, Baxter chats with Andrew about the current challenges that builder-developers are facing given the unprecedented market conditions.  

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First Mortgage Facility for luxury home purchase – Sorrento VIC

BACKGROUND DFP was engaged by the borrower to obtain a first mortgage facility for the settlement of a purchase of a luxury residential home located in Sorrento, Victoria. The borrower notified DFP to arrange urgent finance for the settlement of the property after approaching a number of banks with little success in the current market.  […]

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A Development and Funding Update from the Trenches

In today’s rapidly changing economic landscape, developers must remain up to date with what is happening on the front line. DFP have a deep understanding of the impact that current events are having on projects and funding, from the negotiation phase through to completion.  Funding in the current environment is the toughest we’ve seen it. […]

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Residual Stock First Mortgage Facility for equity cash out

BACKGROUND DFP had been engaged by the borrower to obtain a first mortgage residual stock facility to provide cash equity out of a single residual apartment in a previous development completed by the group. The client has recently commenced a new project and wanted to use the equity in the apartment to start project early […]

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Had Your Funding Fall Over? Here’s How We Are Helping Developers Left In The Lurch

Refinance & Working Capital Facilities Melbourne, Victoria $8,500,000   PROJECT BACKGROUND Development Finance Partners (DFP) was engaged to assist its client, a mixed-use property investment, development and building group, to procure a six-figure working capital facility to fund its ongoing activities. THE KEY ISSUE IN SOURCING FUNDS The onset and escalation of the Covid-19 crisis […]

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16 Things Developers Should Be Doing To Keep Moving In the COVID-19 Crisis

The global pandemic of COVID-19 is creating an unprecedented world for everyone – including developers – and the uncertainty is wreaking havoc on businesses in all industries across the country.  In Australia, COVID-19 is currently the biggest threat to our economy. Soon after the world health crisis was announced, the Reserve Bank dropped the interest […]

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