Background

An experienced property developer, engaged Development Finance Partners (DFP) to secure funding for the completion of a premium beachfront project on the Central Coast of New South Wales. The developer had worked with DFP previously and trusted the team to deliver a flexible funding structure that matched the project’s evolving needs and market opportunity.

Project Overview

The development comprises three architecturally designed residences, two apartments and an exclusive penthouse stacked across three levels. Each residence maximises ocean views and natural light, combining contemporary design with generous interiors and premium finishes. Situated in one of the Central Coast’s most sought-after locations, the project was created for buyers seeking a blend of luxury, lifestyle, and long-term coastal value. The total gross realisation value (GRV) was approximately $8 million.

Key Metrics

The Challenge

As the build neared completion, the project encountered several obstacles that threatened to slow progress. Prolonged wet weather and restricted access to the coastal site created scheduling complications across multiple trades. Design refinements added further coordination challenges among consultants, while the developer also explored amendments to enhance the project’s overall yield. Balancing construction progress with approval timelines required a carefully structured funding approach that could adapt as conditions changed.

DFP’s Strategic Solution

DFP recognised that momentum on site was critical to achieving completion and optimising the end value. Working closely with the Quantity Surveyor, the team assessed remaining works, cost-to-complete, and delivery milestones to determine an appropriate extension term for the construction facility.

Drawing on established lender relationships, DFP negotiated a restructured first mortgage facility at 70% LVR, providing the flexibility and time needed to finish the project without additional equity. By aligning the facility with the updated construction timeline, DFP ensured funding continuity, maintained lender confidence, and reduced financial pressure on the developer.

This proactive approach gave the client freedom to focus on quality outcomes while keeping costs controlled and timelines realistic. The extended facility also allowed the developer to manage certification milestones efficiently and position the project for stronger market performance upon completion.

Results and Benefits

The result was a $5.1 million construction facility that delivered seamless funding through to completion. With no additional equity required, the client-maintained capital reserves while finalising internal finishes and achieving occupancy certification. The structure also gave flexibility to explore design amendments that could increase long-term value.

DFP’s finance strategy not only kept construction on track but also strengthened the developer’s capital position. By eliminating funding pressure and aligning loan terms with the project’s pace, DFP enabled the client to deliver a high-quality product and preserve liquidity for future opportunities.

Conclusion and Advice

This project highlights how adaptable construction finance can safeguard progress when on-site conditions or approvals shift unexpectedly. Weather, access, and design changes are common in property development, but a responsive funding strategy ensures projects stay on course.

For developers, the key takeaway is the value of early and ongoing engagement with experienced property finance specialists. A flexible facility that evolves with construction stages provides the certainty needed to finish confidently, protect equity, and maximise project outcomes.

DFP’s role in this project demonstrates the impact of expert structuring, close lender collaboration, and proactive project management, all essential to completing high-end developments successfully in today’s market.

Whatever the size of your development plan, DFP have a wealth of experience and strong relationships to help you succeed. Contact us to explore your tailored finance options.