Private and Retail Development Funding
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Think Beyond The Banks Money.
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We have direct access to some of Australia's premier development funding options.
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One of our Property Funds Management options was established in 2012 and is a leading Australian real estate debt fund manager with over $700m in funds under management.
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As a private, non-bank lender, we specialises in the provision of sub $20m real estate backed senior and mezzanine debt to the Australian property development sector.
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We offer you a senior lending management team and we have direct access to mortgage funds.
Align with us today and let our private lenders and property fund managers help you.
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If you are seeking to access a development loan for a real estate project in Australia, our mandate is summarised below. We are happy to work with brokers or originators and will pay referral fees on a case by case basis.
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Mandate
To provide debt funding for property investments (including residual stock), property developments (including construction finance), property redevelopments, property refurbishments or any other property project in Australia.
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Investment Instrument
Senior, subordinated and mezzanine loans and preferred equity.
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Geography
Our development finance options are available in Australia, for capital city projects only.
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Investment Size
Between $1 million and $20 million for senior loans, and between $1 million and $5 million for mezzanine loans.
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Targeted Covenants
Total LVR cannot exceed 75% (land only)
Minimum of 15% of total project costs must be funded by equity
For construction finance, adequate level of pre-sales and identified exit strategy must be in place.
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Security
Registered first ranking or second ranking mortgage, collateral security, General Security Agreement (GSA) and or personal guarantees.
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Investment Term
6 months to 3 years
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What Is The Process ?
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Step 1 - Fill in some simple details via our development funding application page
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Step 2 - Complete the loan processing payment (We charge a small fee to process your funding application. We believe this is fair given the effort required by our staff to formally lodge your application).
Step 3 - Provide the supporting documents required by the mortgage fund
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Step 4 - We formally lodge your development funding application along with our recommendation for approval
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Step 5 - Conditional and formal approval. Valuation and other conditions may need to be met.
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Step 6 - Loan contracts issued
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Step 7 - Settlement can be scheduled
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