Land development
acquisition and development funding.
A 20-lot land subdivision without pre-sales. Senior debt provided up to 65% LVR over 15 months to enable our client to acquire the site, complete civil works, and create new titles. The client refinanced upon completion.
Land development
acquisition and development funding, including preferred equity.
A seven-lot land subdivision without pre-sales. Senior debt provided up to 65% LVR and preferred equity to fund equity shortfall over 15 months. This enabled the client to acquire the site, complete civil works, and create new titles. The client sold newly created lots and progressively paid back facility.