Site Acquisition

1 August 2018

Northern Beaches Sydney, NSW

Investment Loan

Call Option

Our developer client secured a call option in late 2016 to purchase two adjoining commercial freehold buildings in a Northern Beaches suburb of Sydney.

The properties have correct zoning for a residential/commercial project and as a combined site the current site valuation was substantially higher than the agreed purchase price of the 2 separate properties.

Our Solution

The Brokerage worked with the non bank lender and their valuer to deliver a loan facility totalling 80% of the purchase price equating to 65% of the ‘as is’ site valuation.

Loan Amount$4,950,000
Interest Rate6.8% p.a. variable
Gearing80% of purchase price
To find out more about how we can help, contact our team today.