Project Funding - page 3

Combined, the directors of Development Finance Partners have successfully facilitated over $2 billion dollars in funding packages for their clients and have a proud history of landmark projects and transactions which they successfully structured and settled.
Some examples are provided in the case studies below.

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Senior 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 […]

Construction 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 […]