There is no denying that the current environment presents challenges for developers aiming to turn a profit. Rising interest rates, high construction and labour costs, and increased red tape make it difficult. However, from a finance perspective, we have observed some great operators who have managed to navigate this environment and still made a profit.
How are funds raised for Property Development Loans? MFEG is a major originator for a number of mortgage funds, second-tier …
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377 Hectares of Land
Lending Amount: $76m
Solution Provided: Settlement of land purchase based on long term contract. Funding provided against valuation with all capital returned to the purchaser.
23 Apartments & 1 Retail Space
Lending Amount: $23.4m
Solution Provided: Low interest rate loan provided with flexibility around pre-sale requirements
Lending Amount: $21.6m
Solution Provided: funding for the acquisition of a commercial office acquisition at major bank rates for a not-for-profit organisation with no recourse to directors.