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Providing Capital & Management Solutions for Private & Public Companies and Sophisticated Investors

BlueMount Capital Sydney Launches Debt Funding For Property Developers

BlueMount Capital Sydney has partnered with a leading private non-bank lender with a capital pool of $1.3B for commercial property developers that specialises in loans from $1M to $200M.

In 2017 the lender settled $1.8B in loans and looks set to exceed $2B in the financial year to June 2018. Developments can be both residential or commercial in any state with a preference for capital cities or larger regional centres.

Loans are available for property developers for the following types of projects;

  • Bridging finance
  • Construction finance
  • Commercial Property purchases and refinance
  • Residential Property where the funds are used for commercial purposes
  • Land Banking for developers
  • Development Sites

Rates start from 6.5% plus line & establishment fees. 

Initial Documentation Required 

  • Overview of the project with key metrics summarised
  • Valuation if available. An old report will suffice. If a valuation is not available, please provide the address and estimated value.
  • Copy of the contract of sale (if acquisition).
  • Details (lender and outstanding balance) of any mortgages currently on the property.
  • Feasibility study for the project – for a construction loan only
  • Level of presales achieved to date. – for a construction loan only

For more information or to make an application contact Ross McDowall in the Sydney office.