Often developers are unaware of the various finance options and expertise available to them beyond traditional bank funding.
Working with a finance specialist who specialises in development finance can make all the difference when it comes to developers being able to access finance that helps them preserve their equity and realise development profits faster.
A recent project by finance specialists,
Development Finance Partners (DFP) illustrates what can be achieved when developers look further afield for finance.
DFP’s client had approval for funding for a Land Bank project in Gordon NSW for $5.25m. A DA for the project was lodged with council for 48 residential units. DFP’s client had an option and wanted to obtain funding based on the valuation of $7.5m rather than the purchase price of $5.5m.
Issues with obtaining finance
How DFP sought to resolve the finance issues
Why work with a specialist development financier?
Managing Director of DFP, Baxter Gamble is an advocate for developers.
“At DFP we understand all the obstacles that developers face, day in day out when it comes to financing their projects. Our team also have significant banking experience so we understand how the banking environment works, what evidence they need to release funding and mitigate risks.” “We take that knowledge and experience and find ways to turn obstacles into opportunity”.
If you are looking for specialist advice and skills when it comes to financing your development contact Development Finance Partners
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