Affordable Housing Project Miranda NSW $3,300,000
BACKGROUND Development Finance Partners (DFP) was engaged to assist its client to procure construction finance for a boutique 8-unit project in Southern Sydney, being developed pursuant to the State Government’s Affordable Housing Scheme. Under the scheme a portion of the accommodation (to circa 25%) is required to be made available for rent to middle income […]
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Senior Debt loan $2m for site refinance and construction of 6 Townhouses at 65% of the Gross Realisation Valuation in Lilydale, Victoria
Project Background Knockdown of existing residence and construction of 6 double level dwellings. LOCATION OF PROJECT Lilydale, VIC DEVELOPMENT DETAILS The development will comprise 6 luxury townhouses with a mixture of 2 and 3 bedroom residences. THE DEVELOPER Owner builder with an extensive background in building and construction, obtaining his Certificate 4 […]
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Senior Debt loan $4.6m for Residual Stock Finance for 4 completed homes on the Mornington Peninsula with short term caveat finance to assist the group across its projects
Development Finance Partners (DFP) was engaged to provide funding solution for a Residual Stock Finance for 4 homes being completed on the Mornington Peninsula VIC and provide an immediate short term funding solution. DFP arranged and settled an urgent short term (2 month) caveat loan followed by a 12 month Residual Stock facility for $4.6m, […]
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CASE STUDY:
How did an ex-petrol station site fuel a $8M construction loan?
THE KEY ISSUES FACED BY THIS FINANCE APPROVAL AND SETTLEMENT During the period of the land purchase contract the client had obtained a DA for 7 Residential Lots and 2 Commercial Tenancies; Financing against a $3.8M “as is” valuation and not the $1.64M purchase price; Cost to complete risk associated with a variable land remediation […]
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CASE STUDY:
How do you get funding for 120% of a site’s purchase price in today’s market?
THE KEY ISSUES FACED BY THIS SITE ACQUISITION During the period of the land purchase contract the Client had obtained both a rezone and DA for a 235 lot manufactured housing estate “MHE” development. Financing against a $13.5M As Is valuation and not the $4.5M purchase price. Specialised security as the DA was for MHE […]
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CASE STUDY:
When banks tighten their credit conditions, how do you ease the pressure?
The key issues faced by this site acquisition The client contracted to purchase the site in April 2018. The client has supported major banks in the past however, when it came crunch time to settle on this parcel, credit conditions across the majors had tightened and this proved difficult to settle the transaction. The other […]
MoreSenior Debt loan $3m for Land Bank Acquisition at 65% of Purchase Price Mornington Peninsula
Development Finance Partners (DFP) was engaged to provide a funding solution for a land bank acquisition with development potential in Mornington Peninsula VIC. DFP arranged and settled a 12-month land bank facility for $3m, representing 65% of the purchase price. The key issues faced by this site acquisition The client contracted to purchase the […]
MoreConstruction Finance – Re-development of Petrol Station Site – Loan Settled $8million
Development Finance Partners (DFP) was engaged to provide a funding solution for early works, site remediation and construction of a mixed use project located in Manly NSW. DFP arranged and settled a 15 month non-bank construction facility based upon an On Comp LVR of 65%. THE KEY ISSUES FACED BY THIS FINANCE APPROVAL AND SETTLEMENT […]
MoreFor 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
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