Private Funding
High-end construction project
Ex-MD, global investment bank · mid-build
High-end construction project
Ex-MD of large multinational investment bank.
$4.5MLuxury home completion
- Referrer
Private Banker.
- Deal size
- Funding to complete a $4.5m luxury architectural home re-model.
- Private Funder - Equity in investment property + land value on construction project
- Challenge
- Project underway (mid-construction)
- Borrowing capacity constraints
- Further equity required to finalise
- Strategy
- Used equity in investment property to unlock funds at high LVR.
- Funder accepted land value on construction property.
- Blended rate to obtain competitive offer.
- 18 month term to complete project and have clear exit.
- No need for any progress payments: full funds provided at settlement
How it came together
The client had comfort with a capitalised interest loan for 18 months in case of over-runs and no need for monthly repayments.
Client details are withheld by agreement. Figures are from the engagement.
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