$18.0m Mixed Use Property Development
$18.0m Mixed Use Property Development
Service
$18.0m Mixed Use Property Development
Client
Private Property Developer
Location
Melbourne VIC
The Challenges
Large property development for sponsor, consisting of 30 apartments and 2 commercial lots over five levels, with a double basement.
Low level Pre -sale debt cover and challenging market conditions for development finance with minimal pre sales.
Our Solution
EMK Thomas ran the transaction and worked closely with the Project Manager and Legal team to put together a structured transaction with a proposed take out facility upon completion.
Client's Result
Fully Debt funded construction facility with a residual take out position covered.