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.
Australia’s central bank said the nation’s economic outlook remains uncertain because of the conflicting forces at play and reiterated that interest rates are set to remain on hold.
Members “noted the significant uncertainties around the growth forecast and the importance of considering the risks to the forecast as well as the central projection,” the Reserve Bank of Australia said in minutes released today of its August 5 meeting, where it kept the cash rate unchanged at a record-low 2.5 per cent. “GDP growth was likely to have slowed to a more moderate pace in the June quarter.”
Prudential Finance says; “Prevailing development finance interest rates are providing property developers with an economical and stable finance environment to forge ahead in a solid real estate market.”
Development Finance is easily obtainable for quality projects and qualified developers. Go to Development Finance
Prudential Finance is actively looking to participate in property development joint ventures in Sydney, Melbourne Brisbane and Perth. Minimum project size $10M total development costs. Go to Property Joint Ventures
Partner with Prudential Finance.
Call Prudential Finance 1300 550 669 to discuss your development finance requirements.
Property Joint Ventures are available to clients who have a quality project that requires funding over and above senior debt (1st mortgage) and junior debt (mezzanine, 2nd mortgage). This is known as equity funding and is generally provided by way of a Joint Venture.
Prudential Finance will partner your project through Prudential Finance’s lenders, high net worth individuals and wholesale investors.
The cost structure of the joint venture contribution will be made up of:
Interest rate on funds advanced
Profit share at the completion of the project
Funding will be secured by either 2nd mortgage, 3rd mortgage or by way of preferred equity.
Each Joint Venture proposal is assessed on individual project merits.
Prudential Finance has funding available for D.A. Approved Development Sites up to 65% LVR. If you can not settle your development site acquisition due to not complying with the Banks condition hurdles such as presales etc, then Prudential Finance may be able to settle your Development Site purchase and allow you time to achieve the Bank’s pre-conditions.
Development Finance, Property Development Finance, Mezzanine Funding and Joint Ventures criteria for approval are back to pre-GFC conditions. In most cases Banks, Mortgage Funds, Private Lender and Investors lending, Loan to Value Ratios (LVR) and Loan to Cost Ratios (LCR) are back to normal industry standard levels.
Prudential Finance is is actively looking to establish long term relationships with developers for finance and joint ventures.