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.
Could your next project benefit from some expert development finance? Get in touch.
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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