Development Finance Partners (DFP) was engaged by its client, a boutique property development group, to assist with finance. They needed support to acquire an existing mixed use residential and commercial property in the Northern Rivers region of NSW, for future re-development as an upmarket townhouse project.
Under difficult conditions DFP was able to leverage the strong relationship with its capital partner to facilitate a viable funding package geared to a 60% loan to value ratio, documented on attractive terms. Significantly, the transaction was completed and booked for settlement on a four (4) week turn around.