Prudential Finance is seeking finance consultants Perth Western Australia to head up Prudential Finance’s new Perth office to service Western Australia.
This exciting role for experienced development finance, construction finance and private funding professionals to work within the Prudential Finance brand, established 15 years in Sydney.
Providing unparalleled knowledge, support and marketing expertise to enable the successful applicants to penetrate and capture market share.
A generous fee based renumeration package will be offered to successful candidates, ensuring high achievers will prosper financially.
Call Prudential Finance today 1300 550 669 and discuss this exciting new opportunity for finance consultants.
For more information about Prudential Finance go to About Us
Prudential Finance is Sydney based and services all areas of Australia. Prudential Finance has been procuring development finance for property developer clients for 15 years here in Australia.
Call 1300 550 669 now to discuss your development finance needs.
Sydney based at Aurora Place
Development finance from Banks is keenly priced at sub 6% for property developers with experience and good equity in projects. Loan to cost ratios are around 70%. Banks have significantly pulled back lending due to heavier regulation and capital adequacy requirements, although we are finding Bank development finance approvals are still occurring for high quality projects matched with experienced developers.
Mortgage Fund and Private Funds start at 9% p.a. and loan to value ratios are up to 70%.
Developers forced out of the Banking system due to harsher loan criteria are still getting their projects funded by mortgage funds and private lenders.
No Presales Construction Finance is available from 9.5% p.a.
We are experiencing a stable real estate market in Australia which is an ideal time for property developers to capitalise on the very low interest rates. Finance commentators expect interest rates to remain stable for the foreseeable future.
Mezzanine Finance
Mezzanine finance is readily available for financially viable real estate projects. Interest rates start from 15% p.a. to 20% p.a.
Joint Ventures
Joint Ventures are available for projects located in capital cities or fringe areas (not regional). Terms are by negotiation.
Equity Investors
Prudential Finance is always happy to discuss upcoming projects with investors who would like to achieve a higher interest rate than currently available from Banks or other institutions. Invest directly into property development projects for returns of 7% p.a. to 20% p.a.
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.”
Prudential Finance “the Developer’s Financier”
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.
Development Finance Sydney Melbourne Brisbane Perth
With the return of a solid property market in Sydney and Melbourne Brisbane & Perth doing well, development finance Sydney Melbourne Brisbane Perth availability has also returned with very low interest rates, in some cases sub 6% p.a.
Property developers have the ideal finance environment to move forward with property development projects in a rising property market combined with low interest rates from the major Banks.
Mezzanine finance is abundant and interest rates have become competitive.
Prudential Finance will provide property developers with professional finance services, from working up the numbers on a new project through to settlement.
To apply for full doc Property Development Finance you will need to provide the following information;
Development Loan Application Information
1. Personal
a) Date of Birth
b) Place of Birth
c) Drivers Licence copy
d) Passport copy (for non-residents)
e) Credit History – Veda Advantage Credit Report
f) Residential Address
g) Professional Experience – Resume
h) Assets & Liabilities Statement
2. Company
a) Name
b) ABN
c) Registered Office
d) Directors
e) Shareholders
f) Accountant
g) Solicitor
h) Last 2 years Tax Returns if applicable
i) Assets & Liabilities Statement
3. Project
a) Executive Summary
b) Feasibility Cashflow Budget (preferably by Excel Spreadsheet)
c) Project Application of Funds
d) Sponsor’s Development Experience
e) Development Approval
f) Full Set of Plans (PDF Original)
g) Consultant details;
(i) Architect
(ii) Quantity Surveyor
(iii) Construction Company
(iv) Development Manager
(v) Construction Contract Superintendent (if any)
(vi) Project Manager
(vii) Real Estate Agent
(viii) Solicitor
(ix) Accountant
h) Presales – Detailed list including Purchaser, Deposit, Lot & Price
i) Market Analysis
j) Valuation
k) Exit
Prudential Finance will advise you on how to apply for development finance, from due diligence and project profitability analysis before development site acquisition, procuring senior debt, mezzanine debt, joint ventures, & development management.
