Senior Debt loan $4.6m for Residual Stock Finance for 4 completed homes on the Mornington Peninsula with short term caveat finance to assist the group across its projects

Senior Debt loan $4.6m for Residual Stock Finance for 4 completed homes on the Mornington Peninsula with short term caveat finance to assist the group across its projects

Development Finance Partners (DFP) was engaged to provide funding solution for a Residual Stock Finance for 4 homes being completed on the Mornington Peninsula VIC and provide an immediate short term funding solution. DFP arranged and settled an urgent short term (2 month) caveat loan followed by a 12 month Residual Stock facility for $4.6m, representing 67% of the on completion valuation and.   The key issues faced by this site acquisition
  • The client contracted to purchase 2 sites to be subdivided in 4 separate titled lots on completion of the development of 4 stand alone houses.
  • The client

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