Challenge: Our client was developing a 22 unit site in Rivervale WA. With only 4 presales, none of the established banks would consider funding for debt coverage.
Solution: Quantum Capital Australia understood this was a short-term issue. Through our network of Private Lenders, debt coverage was quickly arranged over the existing level of presales.
Outcome: Successfully settled through one of our Private Lending facilities, they were offered a $7m loan – 65% of the Gross Value Realisation of the project.