We believe we have a better understanding of how to secure and structure lending deals for property developments than many of our competitors. This is because we and our principals have many years experience both as a lender and also equity risk participants.
If you have undertaken property development projects over a number of years you will have experienced how the banks in particular can change in their approach to risk. We are closely in touch with market changes so we can secure the best available deals to our clients.
Smart Capital Partners through its access to banks, private lenders, mezzanine financiers and joint venture partners is able to arrange the most competitive finance terms at all stages of the property development market cycle.
Examples of Past Transactions
|Interim Site Financing|
|Proposed Mixed Use Development|
|Macquarie St Parramatta|
|Acquisition and construction finance for|
|Cairns Holiday Inn|
|Supported by Standby Letter of Credit|
|Construction finance for|
|Engadine Court Shopping Centre|
|Office and Hotel Project Brisbane CBD|
|Arranged Debt Funding|
|Sourced JV Partner|
While pre-sales are often a feature of apartment/unit development funding they can cause problems for developers depending on the level required by lenders. Smart Capital can source finance without re-sales being a condition depending on the project specifics.
We are also able to develop innovative financing structures which can include: end take-outs by third party financiers; construction completion guarantees; tiered lending involving senior debt and mezzanine finance; third party equity and joint ventures.
It is possible to structure bank loans at higher loan to value ratios through a structured facility using credit enhancements such as Letters of Credit or Stand-by facilities.