Subdivision
support
in Rockbank.

Senior Debt, $42m
Case Study by Adam G

Interstate Developer
Residential Land Subdivision

At Jadig, we’ve had over forty years to learn on the job. In that time, we’ve seen a lot. One thing we know is that subdivisions present unique challenges. They require a nuanced understanding of the raft of potential complications that inevitably crop up, ultimately needing a team who are willing to invest significant time and effort into the project. So, when an interstate developer ran into a settlement issue with the acquisition of their four-stage, 161 lot subdivision site in Rockbank, a trusted advisor on the project who knew what we’re capable of, put them in touch with us.

Thanks to a subdued land market, the 11-hectare property had been lumbered with a valuation that was less than its purchase price. For the developer, that caused a financial headache. There was never going to be a straight forward solution. However, through lateral-thinking and pragmatism, Jadig proved to find a solution that maintained the project’s viability.

We pride ourselves on our capacity to listen, and to work out what’s important to the diverse group of stakeholders a project like this involves—everyone from sales agents to planners, and engineers to project managers. By listening, we learn, and through learning, we find a way to craft bespoke solutions that address the specific challenges of each and every project.

Given the confidence in the team, we were able to revise our client’s financial structure and negotiate a second mortgage to effect settlement. On top of that, we were the preferred lender for the construction, because we could see that it was a good fit for the Jadig approach to lending. And it worked. At Jadig, we don’t subscribe to ‘one-size-fits-all’ solutions to finance.