Case Study Two
- East Bentleigh, Victoria
- No presales
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.
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.
Successfully settled through one of our Private Lending facilities, they were offered a $7m loan – 65% of the Gross Value Realisation of the project.