The Grid

The Grid

Address

72-78 Bayswater Road,
Rushcutters Bay, NSW
 

Development

39 Residential Apartments,
1 Retail Shop and 27 Carparks
<h2Developer
Chase Property Investments Pty Ltd

Loan Amount

$14,385,000

End Value

$18,480,000

The Brief

We were appointed to provide a funding package that exceeded normal construction lending criteria. The client requested a debt and equity facility that exceeded 90% of the total development costs, while at the same time reducing the need for pre-sales.

The Solution

We provided a two-part facility utilising a locally represented International Insurance Company to finance the debt and an International Finance Institution to provide the equity.
Providing the facility in two parts, debt and equity, allowed the client to proceed with minimum pre-sales under the debt facility, and reduced their required capital by providing third party equity.

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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

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