Development Loans

Viewing 6 posts - 1 through 6 (of 6 total)

KindOfNew
Participant
@kindofnew
Join Date: 2009
Post Count: 12
July 19, 2011 - 5:28 pm
Hi There,
I have progressed in my development pursuit and am finalizing Council plans for a 6 unit / townhouse development in Brisbane. Does anybody know a decent finance broker that specializes in development loans (ideally located in Brisbane)? I need somebody who is a straight shooter and knows his stuff – makes life just so much easier.
Regards
Marty McDonald
Participant
@marty-mcdonald
Join Date: 2010
Post Count: 64
July 20, 2011 - 3:19 am
Hi,
If you are looking for non bank / the loan based on end value type lenders I know a good broker in Brissie. Gavin Baker.
0431 047 035
Let him know I sent you.
Marty McDonald | Mortgage Experts
http://mortgageexpertsonline.com.au/
Phone Me
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
July 20, 2011 - 3:39 am
As an investor and developer myself we have done 1 or 20 deals around brissie and another bunch for clients over the last 17 years.
I am away on holiday at the moment so sure Marty's contact can point you in the right direction.
Few good lenders but is certainly getting harder to fund at sensible rates and prices.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Alistair Perry
Participant
@aperry
Join Date: 2004
Post Count: 891
July 20, 2011 - 7:07 am
KindOfNew wrote:
Hi There,
I have progressed in my development pursuit and am finalizing Council plans for a 6 unit / townhouse development in Brisbane. Does anybody know a decent finance broker that specializes in development loans (ideally located in Brisbane)? I need somebody who is a straight shooter and knows his stuff – makes life just so much easier.
Regards
This is a little off topic, but I put a link to a cartoon video on this forum which is a mock up of advice given to a client on development finance, for a project approximately the same size as thje one you are looking at. Have a look at it as it will give you some background info on how development finance work. Good luck with the project.
Regards
Alistair
cruzinbud
Participant
@cruzinbud
Join Date: 2007
Post Count: 23
July 22, 2011 - 10:48 am
Good luck Kinda, keep plugging along. I am in the progress of doing a 4 unit development myself. I am waiting on some neighbours consents to come back then we can put it into council for a risksmart application, otherwise its the slow zone:(
Cheers,
Adam.
Bob Andersen
Participant
@bob-andersen
Join Date: 2007
Post Count: 36
July 23, 2011 - 9:26 am
Hi,
Contact Guy Hewartson, partner of Balmain Commercial. Very good with bank and non bank development finance. Ph 30238700 / 0434073217.