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 […]
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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 […]
MoreSenior Land Bank Loan 120% of purchase price, Newcastle $5.45 million
Development Finance Partners (DFP) was engaged to provide a funding solution for a land bank acquisition in Medowie NSW. DFP arranged and settled a 12 month land bank facility, representing 120% of the purchase price and 65% Loan to Value Ratio, was delivered. THE KEY ISSUES FACED BY THIS SITE ACQUISITION During the period of […]
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Affordable Housing Project Sutherland Shire, Sydney $2.2 MILLION
Background Development Finance Partners (DFP) was engaged to assist its clients to procure construction finance for a boutique 7-unit project in Southern Sydney, to be developed pursuant to the State Government’s Affordable Housing Scheme. The Key Issues Faced in Sourcing Funds There were three (3) main issues: The somewhat specialised nature of the project/security All […]
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The secret to cutting a 1 month property transaction down to just 6 days.
$11,500,000 Non-Bank loan approved and settled in 21 days. DA lodged with Council for 117 residential units with Consent Pending from Joint Regional Planning Committee. Client had an option and needed to settle notwithstanding the Planning Risk. Loan was secured and settled within 21 days
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Land Bank & Subdivision Loan South Western Sydney, $7.7 Million
Development Finance Partners (DFP) was engaged to assist its clients to procure land acquisition and subdivision finance for a 26 lot residential project in South Western Sydney. Based on a high level of exchanged pre-sale contracts, DFP was able to successfully negotiate a facility based on an 82% loan to cost ratio and 71% to […]
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Refinancing for the successfully built, award winning 125 unit ‘Bottleyard’ development in Northbridge, Perth WA
Development Finance Partners (DFP) was engaged to re-finance the project’s debt capital structure, due in part to delays in pre-sales settlements. Project Background Location of Project The $72 million successfully completed 125 unit development site is located in Northbridge, adjacent to the Perth CBD. The Developer The Handle Group is a locally owned, vertically integrated […]
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Urgent funding to complete active development project transaction – Warriewood, NSW
Development Finance Partners (DFP) was engaged to provide an urgent short term funding solution for a development site. DFP secured the necessary funding within one week. Project Background Construction Facility – $8,500,000 to assist with acquisition of land and construct 7 Townhouses and 6 x 2-bedroom units at Warriewood NSW Land Bank Facility – $900,000 […]
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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