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As Banks continue to place speed bumps and roadblocks to Developers seeking speed, consistency and flexibility in the approval process, Developers continually seek alternatives. Development Finance Partners (DFP) regularly receives calls from clients who’ve been disillusioned by an experience with a Bank, particularly where the front line sales team are offering one thing, only to have the credit hierarchy come back with another. DFP has established relationships with senior decision makers in financial institutions and understand what their requirements are. […]
Development Finance Partners is now pleased to offer a ‘Fast Funding’ solution up to $5.0m. Finance terms include: First and Second Mortgages Serviceability not required Impaired Credit accepted Residential and commercial security located anywhere in Australia Elevated loan to value ratios Fast settlements First mortgages from 1% per month Accept specialty security assets such as child care centres, petrol stations, medical centres No early exit fees We use our genuine underwriting capability and problem solving approach to ensure the deals […]
By Development Finance Partners / Matthew Royal The construction finance market is changing rapidly. In this blog post article i will tell you about the latest trends in development finance. The availability of Private and other Non-Bank Funding sources to support the construction industry continues to grow. Such growth is in response to several factors, the most critical of which is the difficult criteria imposed by the Banks in order to secure traditional senior debt. The difficulties stem from two […]
Before you commence any development project or investment, it is obviously important to initially determine how much you can borrow and how you will be able to manage all associated costs of the development. The Australian economy has seen many of the major players really tighten their lending criteria. Most banks are only interested to lend to experienced developers. Development finance is so much different to any traditional investment finance. At usual terms, you can borrow the ongoing interest as […]
Most often, the mortgage economy prefers a lending system that can change as financing ideas evolve. We the consumers want some flexibility in the lending process because not every borrower is a letter-perfect loan applicant. Similarly, not too many lenders, or even mortgage investors, would want to play around with loans outside its safe harbour, because borrowers now have more rights than in the past and the legal protection for lenders that has long been assumed with high-risk mortgages is […]
What are the non-bank alternatives? Whether you’re a highly experienced Property Developer or not, getting the financing of your Property Development right from the outset is a vitally important element of any Property Development Strategy. In today’s post GFC environment failing to incorporate a well structured financing strategy from the very beginning into the total development strategy is a recipe for disaster. Investing in real estate is one of the most important financial decisions anyone can make and for the […]
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