Ocean Breeze

Ocean Breeze

Address

1-5 Dee Why Parade
Dee Why, NSW

Development

73 Residential Units
plus retail and commercial in two 9 and 10 level buildings

Developer

Topland Pty Ltd

Loan Amount

$20,130,000

End Value

$35,500,000

The Brief

The client had acquired the site and required funding for the DA, professional fees and construction of two towers, which would comprise 11 studio apartments, 15 x 1 bed, 27 x 1 bed plus study, 13 x 2 bed, 7 x 2 bed plus study, 9 retail units, 4 commercial units and 132 car parking spaces.
While the client was providing considerable equity in the transaction, the principal sponsor was based off-shore and had little development experience in Australia.

The Solution

We were able to restructure the proposal and had formal approval within 14 days from a major international Bank, which had previously declined the transaction. We were also able to get a higher loan amount than was originally declined.

Leave a comment

Your email address will not be published. Required fields are marked *

For 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

See all contact details >

Insight Categories /

Topics /

标签/

Share on Facebook
Facebook
Share on LinkedIn
Linkedin
Tweet about this on Twitter
Twitter