As your apartment project moves towards completion with stock left to sell numerous lenders are now mandated to offer developers cost-effective residual stock funding.
This funding is usually required to repay construction debt and allow sufficient time to achieve sales of completed unsold stock. Residual stock loans can allow developers to move onto their next project without compromising sales prices.
Residual stock lending key information
- First mortgage funding
- Typically $2m to $30m loan value
- Gearing to a maximum of 65% LVR against “in one line” valuation
- Establishment Fees 1.5%
- Rates 4.95%
- Rapid decision and loan settlement
CPC Development Lending Solutions secures market leading finance on your behalf – we get projects funded.
Working closely with our developer clients we are that new set of eyes that stress test your feasibility and project assumptions around revenue and costs.
We examine presales targets, project delivery team, transaction structure, funding request and timings. This allows your project to be presented professionally and takes it to the front of the queue leveraging off our strong non bank lending relationships.
For more information contact CPC today email firstname.lastname@example.org or phone +61 434 932 634