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 can quickly assess whether a project fits our lending program once we have key information submitted.
Our Construction Funding Process
Step 1. Submit
You or your advisor will submit a simple and straightforward feasibility via our efeaso application. Your project key numbers and anticipated cash flows will give a good insight into whether the project may fit our lending parameters.
Have a construction project to be funded? It all starts with.....
Step 2. Assess
We can typically provide feedback within 24 hours on to whether your project fits our lending parameters. Not all projects will and sometimes we may suggest changes are required. One of the key measures for us is that when we apply our standard sensitivity tests does the project delivery an adequate return for the sponsor.
Step 3. Discuss
If the project (without formal verification) passes the first test we will issue an Indicative Offer. An Indicative Offer is for discussion purposes and outlines the general terms that the project may be offered a Facility Agreement. The offer is non-binding and will be subject to formal verification from an acceptable Valuer and Quantity Surveyor.
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Step 4. Verify
Once we have agreed the terms of a potential Facility Agreement for the project we will issue a Formal Offer that is subjection to the completion of our verification process. To proceed you will have available an acceptable valuation and quantity surveyor reports. We use these reports plus our own investigations to prepare an Investment Committee Report that forms the basis of approval of our Facility Agreement. This step is charged for and the fee payable is based on the complexity and size of the project. We aim to cover our costs of the investigation and only undertake this process if we believe there is a likelihood that the project will be able to lent to.
Step 5. Document
On completion of the verification process we will confirm our offer for a Facility Agreement (assuming the process did not find any material issues). We will detail all the conditions precedents that will need to be met prior to the first drawn down. At this point you will also be provided a quotation for legal costs in relation to drawing and negotiating the legal documents by our lawyers. If you wish to proceed you pay a deposit to the lawyers trust account and work can commence.
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