DFP helps developer restructure $60m debt and workout
This article was originally published by The Urban Developer on 11 April 2022. It is reproduced here in full without amendment. A construction project that started in 2014 will finally be completed in 2023, thanks to a tenacious developer who refused to give up and the backing of Development Finance Partners. The $80-million mixed-used development […]
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Development Finance Partners helps developer keep his Byron Bay dream alive
After his dream project got off to a nightmare start, developer Alasdair Baker of Omira Property Group needed some quick footwork to get it back on track for a profitable outcome. Alasdair Baker was excited when his Omira Property Group managed to secure a prime corner block in a highly sought-after neighbourhood of holiday mecca […]
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Quick Land Bank Finance Helps Developer Land ‘Dream Site’
This article was originally published by The Urban Developer on 18 February 2022. It is reproduced here in full without amendment. Committing to an unconditional $5 million offer is a big gamble for a small property developer with no finance in place, but Alasdair Baker was banking on his trusted professional partners. The small town […]
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Why more developers are choosing zero presales finance
Time is money in property development. Speed to market cuts costs and risks, while delays to a project can impact its profitability or even viability. So it’s no surprise that construction finance which doesn’t require presales is becoming increasingly popular in the industry. Approved and advanced in much shorter time frames than traditional bank finance, […]
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Starting your first project but scared of hidden pitfalls? Here’s 5 tips from an experienced property developer
Managing Director, Stephen Scutt of Castlerock Capital is an experienced property developer, with dozens of projects under his belt. Property is in his blood, his passion stems from being exposed to property transactions from a young age through his father, a property lawyer. Starting with small townhouses and subdivisions, he has completed developments in residential […]
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Case Study | Melbourne, VIC | No Presales Construction Finance
No presales finance, 70% LVR, Suburban Melbourne Background Our client a builder/developer approached Development Finance Partners (DFP) to procure funding for a four level, eight apartment project to be constructed in suburban Melbourne. Challenges The client was seeking a competitive funding package with no presales, where the client’s building company was also to be the […]
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How Student Accommodation Developer Overcame Pandemic Panic
This article was originally published by The Urban Developer on 27 January 2022. It is reproduced here in full without amendment. Castlerock Capitals’ Castle Student Accommodation in Sydney was thriving as a boutique student accommodation in the heart of Newtown for international students—and then the pandemic hit. Although managing director Stephen Scutts moved fast to […]
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Case Study | Balmain, NSW
Structured finance loan, borrowing against a portfolio of property assets | $30 million, 12 month interest loan with a 78% LVR. Background The developer sought finance to assist with the purchase of the site and construction finance for the 22 construction and development of 22 residential apartments. They had started marketing and presales and wanted […]
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DFP helps developer Omira Property Group stay nimble in unpredictable times
This article was originally published by The Urban Developer on 20 January 2022. It is reproduced here in full without amendment. With a strong shift from capital cities to regional areas following from the pandemic, Omira Property Group’s residential development success stems from Alisdair Baker’s passion for property and understanding the key drivers for property […]
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Case Study | Preston, VIC
Senior Debt loan $7.45m for the construction of 22 Residential Apartments at 68% of the Gross Realisation Valuation (Ex. GST) in Preston, Victoria. Background The developer sought finance to assist with the purchase of the site and construction finance for the 22 construction and development of 22 residential apartments. They had started marketing and presales […]
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