Client Profile:
A developer with a project involving the construction of 17 warehouses in Truganina. Challenged by limited cash reserves of $700k left with a $7.7 million construction cost.
Key Challenge:
Mitigating limited cash reserves for extensive construction.
Lending Solution:
Secured funding covering entire construction cost through a major lender via existing land debt refinance. Utilized land’s uplifted value and potential rental income to maximize debt levels.
| Term : | 18 months |
| Loan Amount : | $10 million |
| Product Solution : | Construction Loan |
| Location : | Truganina, VIC |
