The Brokerage

Transactions

 
South West Brisbane - July 2018

South West Brisbane - July 2018

NIL PRESALES – 16 UNIT RESIDENTIAL DEVELOPMENT

Our client is developing 16 Owner Occupier Units in a popular residential suburb within 10km of the Brisbane CBD.

They wanted Construction Finance with No Presales so they could start as soon as possible, and market the product to owner-occupiers after turning soil, rather than sell off-the-plan, before construction.

The Brokerage arranged a loan with No Presales as requested, at 65% of the ex GST as-if-complete Value.

Starting sooner has given the developer a competitive advantage against competing developments in the area, and has enabled them to maximise sale prices by marketing when buyers can touch and feel the end product.
 

Loan Amount:  $4,925,000

Interest Rate: 10% p.a.

Loan Type:  Construction Loan

Gearing:  65% LVR on Completion

Lender:  Non Bank

South Brisbane - June 2018

South Brisbane - June 2018

COMMERCIAL OWNER OCCUPIER – CONSTRUCT AND HOLD

Owner Occupier Client approached his existing lender for an increase in order to fund extensive renovation and fitout of his commercial premises.
After his application was declined by his own bank, we were able to place him with another major bank who gave an approval to refinance the existing debt and provided additional funds to assist with construction.
 
The saving from his new lower interest rate was able to offset the initial upfront fees and break costs incurred from leaving his existing bank, and resulted in further savings of approx. $15,000 per annum thereafter.
 

Loan Amount:  $3,100,000

Loan Type:  Commercial Investment

Gearing:  70% of the As-if-Complete value

Lender:  Major Bank

South East QLD - May 2018

South East QLD - May 2018

Facility Review - Property Invest

New facility provided to refinance existing lender and increase debt to fund construction of new commercial buildings. Loan term was extended, nil application fee charged, interest rate was reduced from 5.00% - 4.40% (variable).

Customer was able to release $4,000,000 in equity with nil restraints on use of funds.
 

Loan Amount:  $11,000,000

Loan Type:  Investment Loan

Gearing:  65% LVR

Lender:  Major Bank

 
Northern Suburbs, Brisbane

Northern Suburbs, Brisbane

SERVICE CENTRE – CONSTRUCT TO HOLD

Initial Private Loan provided to finance raw development site. Following prelease commitments from major tenants including Petrol Station, Car Wash and Fast Food, we arranged construction funding with a regional credit union at 80% of TDC.

On completion the loan was rolled to a new 5 year investment loan at market leading rate to enable long term hold.
 

Loan Amount:  $6,000,000

Loan Type:  Construction then Investment Loan

Gearing:  60% LVR on completion

Lender:  Local Foreign Bank

Newcastle Region, NSW

Newcastle Region, NSW

RESIDENTIAL LAND SUBDIVISION – 22 LOTS

Development finance to complete premium waterfront blocks within a staged subdivision. Funds released to developer to fully control project with no QS monitoring due to strong track record established between us, the developer and lender.

No presales at commencement of loan.
 

Loan Amount:  $7,800,000

Loan Type:  Construction 

Gearing:  50% LVR of site value at commencement

Lender:  Contributory Mortgage Fund

South Western Sydney

South Western Sydney

RESIDENTIAL DEVELOPMENT – 74 TOWNHOUSES

Following an introduction of the site vendor to the developer, we were mandated to run a tender process amongst major lenders to extract best possible gearing and pricing for the 3 staged development. 

Despite not requiring substantial presales the project was 100% sold out during construction of Stage 1.
 

Loan Amount:  $23,500,000

Loan Type:  Construction 

Gearing:  65% LVR on completion

Lender:  Major Bank

 
Ascot, Brisbane

Ascot, Brisbane

RESIDENTIAL DEVELOPMENT – 20 UNITS NO PRESALES

Overseas developers introduced to us by our referral partner project manager.

This was their first Australian based project and the product they were developing was aimed at owner occupiers. They required a finance package with no presales.

The Brokerage arranged the following finance approval within 2 weeks of lodging the application
 

Loan Amount:  $6,500,000

Loan Type:  Construction Loan

Gearing:  60% LVR on completion

Lender:  Non Bank

Eastern Suburbs, Sydney

Eastern Suburbs, Sydney

RESIDENTIAL DEVELOPMENT – 3 LUXURY UNITS

Site acquisition and construction finance to develop three luxury harbour view apartments in Sydney’s Eastern Suburbs.

We arranged a non-bank facility with only one presale at 65% LVR on completion. 
 

Loan Amount:  $12,500,000

Loan Type:  Construction 

Gearing:  78% Loan to total development costs

Lender:  Non Bank

North Sydney, NSW

North Sydney, NSW

EQUITY RELEASE – TENANTED COMMERCIAL UNIT

Existing client purchased a vacant commercial suite using cash resources. We had the property revalued once the client had secured a food & beverage tenant using the strong lease covenant to extract additional value. We arranged a facility that released equity back to the client using the uplifted valuation at a 70% LVR.
 

Loan Amount:  $1,400,000

Loan Type:  Equity Release

Gearing:  70% LVR against uplifted valuation

Lender:  Local Foreign Bank

 
Gold Coast, QLD

Gold Coast, QLD

CHILDCARE CENTRE – CONSTRUCT TO HOLD

Provided land bank finance before rolling in to a construction facility once building tender and BA documents were finalised. This was for an established childcare operator keen to control the design and construction of a new premises for their business.
 

Loan Amount:  $3,450,000

Loan Type:  Construction then Investment Loan

Gearing:  60% LVR on completion

Lender:  Bank

Sunshine Coast, QLD

Sunshine Coast, QLD

SMSF INVESTMENT LOAN & BUSINESS ACQUISITION

An existing client was keen to expand his business endeavours and identified a business they believed they could purchase and improve.
There was also an opportunity to acquire the premises of the business within the transaction. We worked closely with clients accounting and legal advisors to structure a facility that enabled acquisition of the property via a SMSF structure plus funding to purchase the business. 
We also arranged sufficient cashflow funding to sustain the proposed ramp up of the business and an asset finance limit for future equipment and vehicle requirements.
 

Loan Amount:  $1,900,000

Loan Type:  Investment Loan, Business loan and Asset Finance

Gearing:  65% LVR on property acquisition 

Lender:  Local Bank