Coming to the rescue in Collaroy

Mezzanine Finance, $1.1 million
Case Study by Tommy F

Local Developer
Equity Release

In the warm, Northern Beaches of Sydney, a dynamic husband-and-wife developer team hit a snag with a duplex they were building in nearby Seaforth.

Faced with delays and builder headaches, they were in need of funds to complete the project. The trouble was – the site was already encumbered by a loan.

Enter their savvy broker and debt adviser, who introduced them to Jadig Finance, known for turning financial headaches into success stories.

Jadig stepped in with a mezzanine debt facility secured against their home, releasing the equity required to finish their Seaforth duplexes. Shortly into the loan term, once things were coming along well, the couple came across an opportunistic property play, a development site in the same street as their duplex project.

Jadig Finance — flexible, pragmatic, and laser-focused on client needs worked closely with the developers and their broker and was able to vary their loan during the term releasing them further equity with which to secure the new site. This move was classic Jadig – teamwork and collaboration to ensure a seamless process that benefited everyone involved, creating win win outcomes.

Thanks to this teamwork, the couple not only completed their duplex project but were able to secure their next site within a short few months, not having to wait for the duplexes to complete or sell before rebuilding their pipeline. Fast forward 9 months and the couple were able to repay Jadig’s mezzanine debt ahead of schedule and quickly activate the new site. The successful completion and sale of the duplexes marked a remarkable turnaround, showcasing Jadig Finance’s knack for providing tailored, effective financial solutions even in tricky situations.

This Collaroy Plateau story captures Jadig Finance’s essence: adaptable, customer-centric, and always ready to help clients succeed. By turning financial hurdles into triumphs, Jadig Finance continues to build its reputation as a trusted, strategic partner for property developers and their advisers, assisting in delivery and pipeline building.