Location: Kallangur, a growth suburb 45 km north of Brisbane CBD.
Project Overview:
- Large-scale townhouse project with 156 affordable dwellings.
- Target completion date: 2027.
Challenges Addressed by CPC:
- Lack of developer equity to purchase adjoing properties.
- Planning delays necessitating loan timeframe extensions.
- Introduction of a mezzanine (junior lender) for acquisition costs.
Financial Solutions by CPC:
- Arranged 100% funding on additional land parcels to increase project scale
- Increased loan limits once DA approved and site uplift in value realised
- Funding allowed a cash equity release for the client at the DA approval stage.
- Exploring Qld government investment in affordable housing (HIA) scheme
Project Progress:
- DA approved, attracting interest from other developers due to scale and location.
- Options for the client to either complete the project or sell the site to another developer.
- Additional option for the developer to hold all stock and build to rent under Qld government HIA program.
Consultant Support:
- CPC recommended key consultants for cost planning, valuation, and project management to ensure project success.
Here’s what the client had to say about their experience:
“We knew David with his extensive lender networks could provide us with options and also assist us with development expertise given his background. David became a key advisor on our project by driving it through a financial lens. When we realised a larger project would become more feasible CPC quickly arranged for one of his lenders to utilise the uplift and secure the additional block. We also took the opportunity to withdraw some equity within the project that we will use for a short term funding”
Contact Us
Feel free to reach out with any general questions you may have about CPC and the services we offer.
Overall, CPC played a crucial role in overcoming financial and developmental challenges, facilitating the project’s progression to the DA approval stage and attracting interest from potential buyers or developers.
Crowd Property Capital is a property development finance specialist. We help property developers overcome their funding challenges by sourcing loans for land, construction and residual stock. Contact us at [email protected] or fill in the form above.
Legal & Compliance
Crowd Property Capital Pty Ltd (CPC)
A registered company under the Corporations Act 2001, ACN 600 539 544
An accredited member of the Finance Brokers Association of Australia (FBAA) Member No M-352808
A licensed Corporation under the Property, Stock and Business Act 2002, Corporation License No. 10065109.
A member of the Real Estate Institute of NSW (REINSW)
David Lovato (Sole Director) holds a Certificate IV in Finance and Mortgage Broking and Property Services (Real Estate Agents License No 201 604 57 )
