Case Studies - page 4

Guest Post – Case Study: Central Coast Development Work Out

BACKGROUND We were engaged as Receivers and Managers of a company by a major property investment fund to assist in the repayment of a $18 million facility that was in default. The loan was in relation to a 42-apartment development on the central coast that had been recently completed. At the time of the appointment, […]

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Senior Debt loan $2m for urgent site refinance at 65% LVR

Background DFP had been engaged by the borrower to obtain construction finance for a development site located in Cheltenham that they already owned. During the process the borrower was advised by their existing lender that they would be unable to extend their existing loan term to accommodate any gap in settlement to allow construction finance […]

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$25 Million secured and unsecured landbank refinance arranged by DFP, Melbourne VIC.

Background Development Finance Partners (DFP) were engaged to provide a funding solution to immediately refinance a maturing $25 million land bank facility in Victoria. The Key Issues: The existing facility had matured and the client was paying penalties. DFP’s Role: DFP arranged and settled an 18 month $20 million land bank facility based upon an […]

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Senior Debt loan $3.2m for urgent site refinance at 57% LVR

Background DFP had been engaged by the borrower to obtain construction finance for a development site located in Hampton that they already owned. During the process the borrower advised that the loan term on the land had expired with their existing lender and the lender could not extend the term to allow for construction finance […]

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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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