Case Study | $41m. Residential Finance Facility in Sydney Metropolitan • DF Partners

Development Finance Partners, (DFP,) played a crucial role in procuring funds for it's client to construct a partly completed 88-unit development in Sydney’s North-Western suburbs. 

DFP's role

DFP participated in all facets of the transaction. To start with, they successfully negotiated a loan approval with a long-term capital partner geared to the required 70% LVR, on attractive terms, and limited to 30% debt coverage in pre-sales.

Via they client's lawyer, DFP negotiated extensions to the presale contracts and introduced the client to a specialist marketing firm to assist in sales of the balance of units. Other actions DFP took for the client were: 

• Liaising with the Project Manager to facilitate step-in documentation and negotiation of performance guarantees with the nominated builder
• Assisting with completion of all loan and supporting documentation.
• Assisting with final settlement

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.