Tag Archives: Property

SMSF Finance Available

In the Australian Financial Review today, “Westpac has stopped lending to SMSFs wanting to buy property in response to growing credit and market risks, regulatory pressure and funding costs” and we are happy to confirm Prudential Finance has SMSF finance available through our investors and private lenders.

Self Managed Super Funds Funding

Call 1300 550 669 or complete to online form at the bottom of this page to discuss your SMSF funding requirements.


Prudential Finance has provided professional finance services for over 16 years and we look forward to hearing from you about your SMSF loan needs.

Once we have solved your SMSF funding, you may be interested in viewing our property investment video click here

Interest rates start from 7.75% per annum and we can lend up to 70% of the property valuation (terms & conditions apply).

SMSF finance available

Property Development Advisory Services

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.

property development advisory services

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.

property development advisory services

 

 

 

 

 

See our Director speak about property investment click video

Call 1300 550 669 to discuss your property development project.

Building Bond Scheme

Industry Reforms the Building Bond Scheme

Further industry reforms have taken effect 1 January 2018 (Building Bond Scheme) where Developers of residential Strata schemes will be required to execute Mandatory Defect Inspection Reports along with lodging a Building Bond equal to 2% of the final contracted construction cost of the building.

building bond scheme

The building bond scheme applies to building work to construct residential or partially-residential strata properties that are four or more storeys. Buildings that are three storeys or under are covered under the Home Building Compensation Fund.

We thought it would be worthwhile to remind yourselves of these changes which I’m sure your already up to speed with these reforms, if not you can find more information on Fair Trading NSW website below and or speak with your property lawyer.

FairTrading.nsw.gov.au

James Okkerse

“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.”

 

Multiple Funding Channels for Property Developers

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.

Multiple Funding Channels for Property Developers

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.

James Okkerse

We assist obtaining multiple funding channels for property developers.  Please see our Development Finance Page

“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.”

Development Finance

Development Finance

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.

development finance
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.

See some of the projects financed by Prudential Finance https://youtu.be/rlLQFonmO6c

Call Prudential Finance 1300 550 669

Sydney-Melbourne-Brisbane-Perth-Adelaide-Darwin-Cairns-Townsville-Rockhampton

 

 

Brett Collins Development Finance & Mezzanine

Brett Collins Development Finance & Mezzanine

Brett Collins Development Finance & Mezzanine
Brett Collins Director Prudential Finance

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.

Joint Ventures

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

 

 

 

 

 

 

 

Private Property Loan Darling Point Sydney

Private Property Loan Darling Point Sydney

Prudential Finance approved a private property loan for $5.6M for the purchase of a home in the exclusive Eastern Suburbs, Darling Point, with no valuation, at 70% of purchase price and was ready to settle within 3 days!

Prudential Finance is a private lender for non-coded business related loans secured by real estate.

For your next private loan call 1300 550 669 Prudential Finance

Private Property Loan Darling Point Sydney
Private Property Loan Darling Point Sydney

Short Term Funding – Property Loans

Prudential Finance short term funding – property loans, are classed as asset lend loans, where the real estate value is the key factor in raising the loan.

Short Term Funding - Property Loans
Short Term Funding no matter whether you’re in Administration, Receivership or Liquidation

Prudential Finance are Short Term Funding specialists for Property Loans.

No matter whether you have many credit defaults or are in Administration, Receivership or Liquidation.  Prudential Finance may be able to provide you with short term funding to payout all debts and enable you to refinance with another lender.

MINIMUM LOAN AMOUNT $500,000

short term funding property loans

 

 

 

 

Further information click here

Call Prudential Finance 1300 550 669

Mezzanine Finance

Mezzanine finance is available for projects located in Sydney, Melbourne, Brisbane and Perth.

Prudential Finance has investors with funds for Mezzanine Finance.

Mezzanine Finance
Mezzanine Finance from “The Developer’s Financier” PRUDENTIAL FINANCE

Rates vary from 15% p.a. to 25% p.a. generally.

Mezzanine Loan amounts $2M to $50M.

If your project requires more funding than a mezzanine finance top up, Prudential Finance is actively searching for direct Property Joint Ventures.

For more information go to our development finance page

 

 

Commercial Property Finance (Loans)

Commercial Property Finance
Commercial Property Finance from Prudential Finance

Commercial Property Finance (Loans)

WESTPAC, ANZ LEAD COMMERCIAL PROPERTY LENDING CHARGE

Westpac and ANZ Bank are the most aggressive of the banks with increasing their lending to commercial property finance (Loans) compared to other major banks, as they pump billions of dollars more into a sector offering growth but also posing higher risks.

Jonathan Mott from UBS Banking found in his new research from last year, Westpac was leading the rebound of commercial property finance (Loans) , expanding its exposure by 11.1 per cent. Following behind on an increase of 9.3 per cent was ANZ, which has been pursuing NAB’s business customers. Commonwealth bank also grew 4.9 per cent.

While traditionally commercial property lending is much riskier than home loans for banks, Mr Mott said investors should be “alert, both not alarmed” by the rapidly increased growth.

During the global financial crisis, commercial property finance (Loans) was a main source of bad loans for Australian banks despite being significantly smaller than the $1.3 trillion mortgage market. If lending standards begin to slip, commercial real estate finance (Loans) may again become an issue for the banks,” according to Mr Mott.

Westpac, which is seeking to expand its business loan book, said in its latest results that competition in commercial property finance (Loans) had intensified, but capital growth was low and income was the main driver of returns.

The increase in bank lending follows an influx of foreign capital into Australian real estate investment trusts (A-REITs), attracted by the higher yields in an environment of low interest rates.

Figures from the Australian Prudential Regulation Authority show, showed the four major banks commercial property finance (Loans) exposure was $195.6 billion at the end of March, an increase of 7.9 per cent compared to the previous year.

Commercial Property Finance is available from Prudential Finance.  Through mayor Banks or through our Private Lending.  Bank interest rates start from sub 6% p.a. and private lending interest rates start from $8.25% p.a.

Commercial Property Loans
Commercial Property Loans from Prudential Finance

Call Prudential Finance for private, non-bank or bank commercial property loans on 1300 550 669

the property developer's financier

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Phone 1300 550 669
International +61 4 0084 0756

PO BOX 1450 Double Bay NSW 1360

Office
Level 25 Aurora Place, 88 Phillip Street
Sydney NSW 2000 Australia

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