The Brokerage secured a $6,735,000 capitalised facility to support the construction of boutique residential townhouses in a prestigious South East Queensland location.
We helped the developer obtain the right finance that aligned with their strategy of starting construction without pre-sales.
This approach allows potential buyers to experience the completed product firsthand, which the developer anticipates will enhance sale prices and attract premium offers.
Additionally, The Brokerage worked closely with all parties to overcome hurdles associated with engaging a third-party builder who had limited experience in a project of this size, providing guidance to ensure a smooth process.
Loan Amount Total: $6,735,000
Gearing: 65% LVR
Lender: Non-bank lender
Interest Rate: 10.69%
Line Fee: Nil
Term: 15 months
To find out more about how we can help, contact our team today.
