Construction Loan
Self-Storage Facility
A new-to-firm client of The Brokerage engaged our services to assist in the construction funding for a new self-storage facility located in South East QLD.
Due to the start-up nature of the business and nil income being generated from day 1, the transactions required significant negotiation with the lender to mitigate trade up risk.
Our Solution
Our existing relationship and understanding of the clients’ structure allowed The Brokerage to provide a quick turnaround and avoid a more costly non-bank alternative which saved our client over $200k in interest & fees.
| Loan Amount | $7,200,000 |
| Gearing | 50% LVR based on ‘as if complete’ trade up valuation |
| Interest Rate | 2.80% p.a |
| Lender | Major Bank |
To find out more about how we can help, contact our team today.
