New Investor Details
Innovative Funding for Property Developers which also provides Investors Mortgage Backed Security and Attractive Returns
Please confirm the status of your Investment Entity
We lend to and invest in projects that are profitable for all participants.
We see every project through to completion.
Frequently Asked Questions
What size projects will you lend to?
Typically we are lending to projects that require $1M or more in funds. We do not have an upper limit.
What type of projects will you lend to?
We will consider residential, commercial, industrial, hotels and mixed-use developments. Land sub-divisions are welcome. For boutique style projects we will focus even more on the exit plans.
Do you lend to projects without a DA?
Our focus is on projects that have obtained an appropriate Development Approval. or there is a clear path to a DA.
Does my project need pre-sales?
We do not have a fixed view on the percentage of pre-sales a project must have before being eligible for a loan from us. We do like to ensure that the market has been tested and proposed end-product is attractive to the most likely buyers. We also understand that it does become easier to achieve pre-sales once a project has commenced and our Facility Agreements include agreed pre-sale milestones at defined intervals of the construction process.
What fees are payable & when?
You only pay a verification fee after we have reviewed your project and we agree the general terms of a potential facility with you. The Verification Fee is to cover our costs and is non-refundable. Valuations, QS and legal fees are always at your cost. We do not charge a fee to issue a discussion document. We are also very flexible on who conducts the valuation as long as they are on the panel of at lest one of the big four Banks or their subsidiaries and the valuation is prepared for mortgage purpose. We do not insist on Valuations being able to be assigned.
What are your Interest & other charges?
We believe we offer competitive rates that reflect the risks that we are being required to accept. We will offer a combination of an establishment fee, interest rate (on agreed fixed draws), line fee on the facility limit, monthly loan management fee and in some cases a project fee (the first X amount of profit in the transaction). The final mix is reflective of the project rather than a set pricing matrix. In the end whilst we understand rates are important being flexible in other ways can make equally a big difference in overall project costs; for example, lower pre-sales to start the project saving time and money.
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