Prudential Finance’s Director Brett Collins heads our property development advisory services with 30 years of property development and finance experience. Brett completed many successful property developments in the exclusive Eastern Suburbs of Sydney Australia.
Diverse experience in property development; renovation of blocks of apartments, Hotel conversion to apartments, building brand new town homes and luxury apartments.
Expert in Company Title, Strata Title and Torrens Title property developments.
We can assist you from development site feasibility, raw site acquisition, finance, development application, approval, management, marketing advice, property development problem solving.
Personalised property development mentoring is available for people new to property development and wish to learn the profession of real estate development.
See our Director speak about property investment click video
Call 1300 550 669 to discuss your property development project.
Multiple Funding Channels for Property Developers are Imperative
The vast majority of developers we help obtain Construction and or Development Finance tend to focus only on private funding solutions as it has been a reliable way to efficiently source funding.
We are seeing an increasing number of new clients who have historically relied upon bank funding who are now migrating over to non-bank lending. Its no surprise that bank funding has become increasing difficult due to pressure from regulators which is heavy publicised and hence a shift to private funding.
I think its important to have a mixture of both bank and non-bank funding channels/relationships in place at all times. This is a common conversation we have with new and existing clients.
There are several pros and cons of bank and private funding such as interest rate, timeframe, pre-sales, LVR differentials etc, etc but to me no matter what cycle we are in, building robust relationships and having multiple options with both Bank and Private Funding will be paramount to developers who have or are working on building a healthy pipeline.
What I do know, is the landscape is continually changing and either you adapt or you fall behind as the future is unknown. Most developers may already have coverage from both sides but we continue to hear otherwise and wanted to reiterate our view in event we can help someone who may be thinking about this.
“Prudential Finance does not provide financial product advice and does not hold an Australian Financial Services Licence. Prudential Finance recommends that investors consider their own objectives, financial situation and needs before proceeding with any investment and seek professional advice. All information contained within this Website is specifically structured for corporate, business, commercial, construction clients, wholesale and professional investors.”
It is only a matter of time when the property cycle peaks, plateaus and then falls and development site values start to crack.
Larry Schlesinger, Australian Financial Review writes:
“Metropolitan development sites values, which have surged in recent years on a wave of Chinese money, are showing the first signs of correcting after developer Nicholas Smedley secured two sites at discounts of 30 per cent or more after vendors rejected his original off-market offers, thinking they would get more through a public campaign.
Chinese buyers have quit the market in droves, and off-the-plan sales rates have slowed drastically in Sydney and Melbourne meaning the building boom is starting to wane.”
Prudential Finance established 14 years has proven relationships with development finance lenders and investors who are interested in providing funds for property development finance Sydney Melbourne Brisbane.
Our private lenders/investors can lend up to $50M+ on senior debt (1st mortgage) and mezzanine (2nd mortgage) or preferred equity (Equity in development company). read more
Prudential Finance is also seeking opportunities to directly invest or loan funds in quality projects. If you have a development project or commercial real estate requiring funding call Prudential Finance.
Mezzanine finance is readily available for projects. Interest rates from 17% p.a. With Banks tightening their lending criteria and in general reducing loan to cost ratios (LCR) down to 70% or less has stressed the development finance market. read more
Investors interested in participating in property development projects or lending money secured by mortgages over real estate are invited to discuss their investment requirements. We have a number of property investment and lending opportunities coming up.
For for extraordinary property development finance Sydney Melbourne Brisbane call 1300 550 669
Development finance applications in Perth Western Australia, Adelaide South Australia, Darwin Northern Territory, Hobart Tasmania will also be accepted.
Brett Collins with over 25 years experience in Property, Development Finance, Mezzanine Finance, Joint Ventures and Private Loans will provide you with expert property development and finance advice from project inception to completion.
Development Finance Consultancy
It is important to ensure you will be able to fund a new project well before you make a financial commitment to purchase the development site.
Brett Collins and the Prudential Finance team will assist with working up the project feasibility and project cashflow budget, identifying exactly how much equity, mezzanine and senior debt is required.
Prudential Finance is seeking quality projects in Sydney, Melbourne or Brisbane to participate directly by way of joint ventures.
Brett Collins Property Development Experience
From the 1990’s and onwards, Brett acquired and completed many successful projects in the prestigious Eastern Suburbs of Sydney. Projects as diverse as; the efficient refurbishment and Company Titling of blocks of apartments, Hotel conversion to apartments and obtaining development approvals through Council and the Land & Environment Court, subsequently building high quality townhouses and apartments. Brett’s development approval for large townhouses at 26 Dover Road, Rose Bay started the Rose Bay residential boom. With a 100% record in achieving development approvals and successful management expertise in delivering high quality completed profitable projects.
For quality development finance and development advice backed by successful results, call Brett directly on 0400 646 197
Navy SEAL’s 5 Entrepreneurial Leadership Lessons From 2014
Become A Better Leader
Image credit: Shutterstock
Courtesy Jeff Boss www.Entrepreneur.com 1. Shyness has a time and place — but business isn’t it.
“Cold calling” has an evil cousin named “cold emailing,” and it works. When I set out my 2014 to-do list (I don’t set goals), getting published as a writer was at the top of it (and I have no idea why because I had never written anything before). To do so, I leveraged the power of LinkedIn by blindly reaching out to a weekly contributor, throwing my pitch and voila! I repeated this approach again for another media outlet and now write weekly columns for both. 2. Time has a price.
Nowhere else is the old saying “time is money” more applicable than in entrepreneurship. Every waking moment (and sleeping moment, for that matter) for a startup founder is spent thinking about survival: how to solicit more clients, how to expand the client list, how to convert passersby into paying customers. There’s only so much time in the day, and it’s never enough.
Remember this: choose your priorities, and the behaviors involved in executing those priorities, wisely. If you know that collaborating with a group of eight people will detract from rather than contribute to productivity, find another route that you know will be effective.
Related: 10 Things Entrepreneurs and Military Pilots Have in Common 3. Be bold. Be swift. Be gone.
Every mission in the SEAL Teams had three things: a goal, a means to execute that goal and the end state of what that goal should ideally look like. In other words, our decisions and actions boldly identified an objective, swiftly executed and then quickly moved on to the next one without looking back save for lessons learned.
You know what? An entrepreneur’s day to day is no different. Every thought, every intention, and every behavior has a purpose and a consequence. Be deliberate in what you choose, for your choices become your creations. 4. Don’t have the fights outside the meeting room.
Adjourning a meeting only to have random individuals move to offline discussions and pose questions they never asked during the meeting completely defeats the purpose of an agenda and shortchanges everyone else involved. Moreover, it adds unnecessary time impediments to an already busy day. Instead, discuss difficult issues in the moment. Nip them in the bud before they evolve into something catastrophic. Then go do it. 5. Keep a “dear diary.”
Chances are you will never hear this again from a former Navy SEAL. Consider maintaining a running log of leadership or performance lessons learned using apps such as Evernote or Any.do to capture insights gained while “in the moment.” You can always review thoughts or sayings later if they’re recorded, but trying to recall them out of thin air is only as good as your memory allows.
Making frequent “course corrections” along your entrepreneurial journey is more effective than larger ones less often. Stay on point by learning from the past (yours and others’) and applying the best judgment to wield value in the year ahead.
Re-post courtesy Prudential Finance you development finance partners and private lenders based in Sydney telephone 1300 550 669
Prudential Finance has available development finance – Sydney Melbourne, Brisbane & Perth.
STEINERT TIPS GOLDEN DECADE FOR SYDNEY Stockland chief executive Mark Steinert has denied claims national house prices have peaked, arguing some cities are on the cusp of a “golden decade” of price growth.
Mr Steinert the chief executive of Australia’s largest residential developer believes there is an undersupply of housing in capital cities and anticipates a 4 to 5 per cent compounded growth in house prices for the predicted future due to this demand-supply fundamental. Housing supply will increase with major roads and infrastructure projects, in conjunction with accelerated land releases and planning changes in specific areas.
Morgan Stanley economist Malcolm Wood told investors in a note the current housing cycle was in danger of being held back, if interest rates weren’t cut again. “If you’re an investor, you’ve missed the boat,” Mr Wood said, with a potential oversupply of apartments decreasing their value in inner-city areas and house price growth slowing down.
However Mr Steinert remains positive, with factors such as improved business confidence, greater job security and including migration flow (Australia’s population increases by approximately 34,000 in a month from migrant) adding to the demand of dwellings. Stockland delivers around 5000 homes a year.
The property market in Sydney, Melbourne and Brisbane should show positive growth for the foreseeable future. Property developers have a stable property and finance market to operate in at the moment. Prudential Finance will provide property developers with competitive development finance, mezzanine finance and also joint venture select property development projects.