The Brokerage recently arranged construction financing for an industrial development of 235 strata warehouse & self-storage units.
Key highlights of the transaction include:
- Presales: 25% of debt cover including allowance for a certain number of 5% deposits.
- Equity: no further equity contribution was required from the developer for the construction facility.
- Pricing: BBSY + 2.30% Margin and 2.30% Line Fee.
- Development Lifecycle Funding: The Brokerage collaborated with the developer throughout initial site funding, equity release upon DA approval and construction funding.
By leveraging our industry expertise and extensive network, The Brokerage negotiated favourable terms, delivering a financing solution that aligned with the client’s strategic objectives.
Security: First Mortgage
Loan Size: $87,000,000
LVR: 68% on completion
Lender: Non-Bank
To find out more about how we can help, contact our team today.