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Land Bank settlement post DA & Construction Funding

Our client secured an Option agreement that adjoined an existing development site that they owned in Northern NSW.

  • Home Land Bank settlement post DA & Construction Funding
Land Bank Settlement Post Da Construction Funding
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We assisted our client in raising the required capital to fund the Development Approval process of a 18 month period by releasing equity from existing assets.

Once the DA was issued, we structured a Private Loan that lent against the valuation uplift as opposed to the Purchase Price, meaning our client wasn't required to inject any further capital into the purchase.

Post purchase of the DA Approved 199 Seniors Living home complex, Hodgestone has successfully secured funding to complete the project in stages, including 2 pool (indoor & outdoor), bowling green, golf chipping range etc.

Deal Summary

Loan Amount: $50,000,000+ over multiple tranches

LVR: Variously structured

Location: Northern NSW

Security Property: Seniors Living (Life Lease) Project with DA for 199 Homes plus amenities

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