$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.
![](https://emkthomas.com.au/public/assets/images/solution-image.jpg)
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.