Category: case_studies

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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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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Residual Stock First Mortgage Facility for equity cash out

BACKGROUND DFP had been engaged by the borrower to obtain a first mortgage residual stock facility to provide cash equity out of a single residual apartment in a previous development completed by the group. The client has recently commenced a new project and wanted to use the equity in the apartment to start project early […]

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Had Your Funding Fall Over? Here’s How We Are Helping Developers Left In The Lurch

Refinance & Working Capital Facilities Melbourne, Victoria $8,500,000   PROJECT BACKGROUND Development Finance Partners (DFP) was engaged to assist its client, a mixed-use property investment, development and building group, to procure a six-figure working capital facility to fund its ongoing activities. THE KEY ISSUE IN SOURCING FUNDS The onset and escalation of the Covid-19 crisis […]

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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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