Development Finance, $20m
Case Study by Adam G
Local Industrial Developer
In property development, time is of the essence. Extended presale periods, unexpected planning delays, and unforeseen hurdles can be very costly. Time is quite literally money. When we teamed up with an experienced local industrial developer to build a series of thirty-nine warehouse/offices in Truganina, we recognised immediately that our speed and agility as an organisation were going to make a huge difference to their bottom line.
We love repeat business. Especially when it’s with a partner who appreciates our honest and transparent work ethic. We worked with the developer previously on a smaller project and we had the utmost confidence in their ability to deliver something more ambitious. When they came to us with their $20M project, we saw it as our job to help make it happen. In keeping with our honest nature, we ensured the introductory broker was remunerated appropriately.
As senior finance provider, we were hands on when we needed to be. We worked closely with the developer to activate the project quickly and reduce holding costs. We tailored a finance package that reflected our confidence in the developer and the booming industrial market. We created a step-up presale plan and made prompt progress payments. Even when ground conditions triggered unexpected variations, our flexibility and speed kept everything on track and the project was completed on time and on budget. Because, when it comes to development, time is everything.