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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 Funding Trends – Historical Background The diversification of funding sources in the private sector to support property development is continuing. Looking at today’s trends, it is worthwhile to review the changes that have occurred in the last 30 years, to provide an understanding of the fundamental shifts during this period. Such will help explain the dynamics of the current market place. Prior to the 1989/90 Property Crash, the Banking sector through their respective […]
By Development Finance Partners / Matthew Royal An example of a nil pre-sales facility The Brief A Developer was introduced to Development Finance Partners after having lengthy delays with a major bank and their protracted assessment process of several months due the this development being only the second project for the new developer, a new product being utilised in the construction technique, pre-sales requirements hurdles and being developed in a regional city where developments where slowly regaining ground due to […]
By Development Finance Partners / Matthew Royal At this particular time in 2013 we have two clashing scenarios going on. On the one hand, with our current low interest rates, the time is ripe for investing in property developments. However on the other hand, the banks are tightening up their lending criteria, making it difficult for cash-strapped property developers to source the required capital. This is leading to a rise in private discretionary money or senior debt lending to provide […]
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 […]
“Debt is the lifeblood of sustainable property development.” Market conditions since 2009 have created a difficult environment for developers (particularly of development projects) as the majority of lenders have tightened pre sale hurdles and loan to value ratio (LVR) covenants. The success of a construction project will depend on a number of key components, including: The lead time to commencement of construction (holding costs) The entry price into the land Total project cost The capability of the developer, the builder […]
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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