Residual Stock Finance For Newly Completed Townhouses – Beckenham, W.A.
PROJECT BACKGROUND Refinance of residual Stock, for newly completed townhouses to help a developer meet their obligations during wildly fluctuating market conditions as a result of the COVID-19. LOCATION OF PROJECT Beckenham W.A. DEVELOPMENT The development is comprised of 7 Boutique single level residences. THE DEVELOPER The development group commenced development of […]
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Senior & Mezzanine Facilities totalling $11.415m for site refinance and construction of 19 apartments at 68% of the Net Realisation Valuation in Hampton, Victoria
PROJECT BACKGROUND Construction and development of a contemporary style medium-rise boutique building comprising 19 residential apartments over 3 levels storeys plus a single level basement carparking for 22 cars. LOCATION OF PROJECT Hampton, VIC THE DEVELOPER The Group is a vertically integrated, full service property development and construction group based in Melbourne. Until […]
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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 & 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, VIC THE DEVELOPER The Group is a vertically integrated, full service property development and construction group based in Melbourne. Until recent times, the Group has operated for most […]
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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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Case Study: Affordable Housing Project Sutherland Shire NSW $3,100,000
BACKGROUND Development Finance Partners (DFP) was engaged to assist its client to procure construction finance for a boutique 8 townhouse project in Southern Sydney. The project is to be developed pursuant to the State Government’s Affordable Housing Scheme, wherein circa 25% of the accommodation is required to be made available for rent to middle income […]
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Urgent finance required to purchase 6 apartments from liquidators
Background Clients approached Development Finance Partners (DFP) Director Bronko Kozel, early August 2019 to urgently obtain an approval for finance to purchase of 6 units from Liquidators. The agreed purchase price was $2.65m which was below the assessed market value of circa $3.5m. The clients needed to act quickly to take the sale off the […]
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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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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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