ACMFinance  | Fast Property & Construction Finance

Burwood VIC

25% presales and ready to start

Overview

The borrower, whilst a prime bank client, unfortunately, was not an experienced developer the LVR increased beyond their financial capacity and was leveraged at 90% of costs. Having a quality builder, 25%+ pre-sales sold at fair value market pricing, they were ready for immediate construction.

Solution

ACMF successfully arranged a structured construction loan in Melbourne with 2 other lenders ahead of ACMF. Like all construction loans, ACMF monitors each development reporting back to the stakeholders. The key here was simply a quality builder, strong presales at valuation.

Results

The project was completed and sold successfully.

Location

Burwood VIC

Date

2017

Service

Construction Loan

Amount

$10,100,000

Application Forms

Please see below our construction, refinance & bridging loan application forms to fill out and submit to us.