Construction Finance

1 February 2020

Brisbane, QLD

Construction Loan

Two-stage Residential development

The Brokerage was engaged by an existing client to negotiate pre-sale requirements on a construction facility for a large, two stage residential development in Brisbane’s north.

Before discussions began, the facility required individual pre-sale targets for each stage.

Our Solution

Against a tightened credit environment, The Brokerage was able to negotiate with a major lender that the pre-sale requirements be merged into an in one-line figure across both stages of the development whilst maintaining individual funding tables for each stage. The process added value to the client by allowing construction to commence sooner and deliver a finished product to the market, in a time when selling off the plan is increasingly difficult. The revised pre-sales requirement has a debt coverage equal to 53%.

Loan Amount$12,300,000
Pre-sale Requirements 53%
LenderMajor Bank
To find out more about how we can help, contact our team today.