The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Urban Leader Awards Logos RGB White
NOMINATIONS CLOSE SEPTEMBER 12 RECOGNISING THE INDIVIDUALS BEHIND THE PROJECTS
NOMINATIONS CLOSING SEPTEMBER 12 URBAN LEADER AWARDS
LEARN MOREDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
Sponsored ContentStaff WriterTue 28 Mar 17

Case Study: How An Overseas Developer Obtained Bank Funding for 23 Residential Units and Ground Floor Commercial Ryde NSW

dfp-sponsored-piece

Obtaining bank finance for new to bank clients is increasingly rare, and even more so if you have no track record of successful developments in Australia.


When finance advisory firm Development Finance Partners (DFP) were approached to assist a client with that challenge, it was one they were able to solve.


The Background And Issues


DFP’s client had never completed a development before in Australia so had no track record of success in the local market.  There were also some issues with the appointed builder.  The builder had recently split form his former business partner as a result of some business issues and had re-formed his business under a new entity.


Results


Using their network of both bank and non-bank relationships, DFP were able to obtain approval for bank funding with a second tier bank.


Initially the bank raised concerns regarding the builders recently business history.  However, DFP effectively communicated with the bank and gained trust that the new building entity and it’s sponsor did not have any involvement with the previous.


  • DFP was able to provide Bank funding through its strong relationships with first and second tier Banks.  

  • The Bank that approved the loan had some concerns about the Builder’s past history.  DFP however, was able to present the full story which demonstrated that the new building entity and its sponsor had not been the cause of the past issues.

  • DFP worked closely with the Bank to gain an acceptable mix of presales to satisfy the Bank’s requirements.

  • The loan has recently settled and the client can now look forward to future developments as an experienced developer.


How A Local Expert Partner Made All The Difference


Ping Hu, Managing Director of Best Living Pty Ltd believes that DFP were an essential partner.  “DFP has provided the Bank funding for our first project in Australia, in Devlin St Ryde. In spite of the difficulty and complexity in relation to funding from Banks, a successful result was delivered on time. We would highly recommend DFP.”

The Urban Developer is proud to partner with Development Finance Partners to deliver this article to you. In doing so, we can continue to publish our free daily news, information, insights and opinion to you, our valued readers.

OtherAustraliaFinanceDevelopmentPartner
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
Woolloongabba Precinct Vulture St
Exclusive

Brisbane Developer in Cross River Rail Compensation Tussle

Clare Burnett
4 Min
The Mondrian Gold Coast hotel's food and beverage is driving profits
Exclusive

Touch, Taste, Theatre: What’s Driving Mondrian’s Success

Renee McKeown
6 Min
Fortis’ display suites are designed as brand environments first, with tactile details and curated design to build buyer confidence before project specifics.
Exclusive

Relevant or Redundant: Will Tech Kill Display Suites?

Vanessa Croll
7 Min
Exclusive

Missing Heart: Why The Gold Coast Needs a CBD

Phil Bartsch
7 Min
View All >
Aerial view of Caboolture and Bruce highway to Brisbane with Bribie Island Road crossing, Queensland, Australia
Policy

Queensland’s $2bn Push Opens New Housing Front

Vanessa Croll
JQZ Parramatta EDM
Residential

JQZ Plots 10-Storey Addition to Parramatta ‘Auto Alley’ Plans

Clare Burnett
The Adelaide purpose built student accommodation market is about to increase by 1058 beds with the State Commission Assessment Panel supporting two towers in the making.
Student Housing

Highrise Approvals Add 1000-Plus PBSA Beds in Adelaide

Renee McKeown
The two towers, of 35 and 34 storeys, help cement the SA capital’s growing status as the best place in Australia for the…
LATEST
Aerial view of Caboolture and Bruce highway to Brisbane with Bribie Island Road crossing, Queensland, Australia
Policy

Queensland’s $2bn Push Opens New Housing Front

Vanessa Croll
2 Min
JQZ Parramatta EDM
Residential

JQZ Plots 10-Storey Addition to Parramatta ‘Auto Alley’ Plans

Clare Burnett
3 Min
The Adelaide purpose built student accommodation market is about to increase by 1058 beds with the State Commission Assessment Panel supporting two towers in the making.
Student Housing

Highrise Approvals Add 1000-Plus PBSA Beds in Adelaide

Renee McKeown
3 Min
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/case-study-overseas-developer-obtained-bank-funding-23-residential-units-ground-floor-commercial-ryde-nsw