Site refinance and construction with a 67.5% Net Realisable Value

How we helped our clients with Senior & Mezzanine Facilities totalling $13.6m for site refinance and construction of 34 apartments at 67.5% of the Net Realisation Valuation in Cheltenham, Victoria PROJECT BACKGROUND Construction and development of a residential apartment project of 34 residential dwellings over four levels above a basement carpark. LOCATION OF PROJECT Cheltenham, […]

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How We Used Working Capital Facilities to help our Client to Refinance

Had your funding fall over? Here’s how we are helping developers refinance By Michelle Gamble Refinance & Working Capital Facilities Melbourne, Victoria $8,500,000. Although like everything with tax, the particular facts may alter the outcome, I am here to clarify the general position in relation to the GST and (NSW) duty treatment of the grant and […]

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How to Choose the Right Finance Partner for your Development

Securing finance with the right finance partner centres around the careful science of matchmaking. We want to step you through a thoughtful process of how to go about finding the right finance partners for your business development. Know your strengths and weakness when applying for a finance business partner. As we all know, one of […]

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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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Commercial Loan Workouts and Renegotiation

By Michelle Gamble How we can ensure property development projects remain profitable 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 […]

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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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