Incomplete Development Projects - Global Capital Commercial Global Capital Commercial

Incomplete Development Projects

Over the years we have successfully funded many Property Developments, the following are a small selection for your review:


We were approached to provide assistance to finance the completion of a mixed use project, including retail, serviced apartments and residential apartments in Melbourne which was under construction and approximately 25% partially complete.

Equity and funding for the project had been coming out of China, however, funding had stopped and the builder was about to walk off the job.

Our client approached us for a local funding solution on a non-recourse basis.

We were faced with a range of issues which needed to be addressed in order to successfully settle the proposal including:

  • Partially complete project
  • Offshore sponsors
  • Urgent settlement
  • Non-recourse facility


GCC successfully funded the proposal with one of our private investor / lenders who understood the circumstances and backed the project.

  • Facility Amount:  $15,000,000
  • LVR:  75%


Our client was apparently advised by NAB to commence construction and seek finance when he had expended most of his funds.

When he approached the bank the loan manager had moved on and NAB declined to assist.

The introducing broker submitted a proposal to a private lender and they were dragging their feet and it was become increasingly difficult for the developer.

We were asked to provide an URGENT short term bridging facility for 3 months to keep construction progressing.


We approved and funded via one of our private investors the bridging finance required to keep the project moving in a matter of days.

It also became apparent that the private lender that our client was talking to could not deliver, so we arranged the refinance and construction facility to complete the project through one of our investors.

  • Facility Amount:  $2,700,000
  • LVR:  70%


Our clients who were owner builders, had started developing 2 luxury houses in Avalon Beach, Northern Beaches of Sydney.

The senior debt was insufficient to complete the project and we were approached to provide funding to cover the shortfall.


We successfully funded the shortfall via a second mortgage and the project completed on time with sales that exceeded expectations.

  • LVR:  90% of TDC


We were approached to assist in providing a 2nd mortgage to renovate a large terrace in Paddington, Sydney.

Extensive renovations including a 3-level structure including a rumpus room, secure garage and studio.


Main House to be completely remodeled with 2 new bedrooms, addition of 4 new bathrooms and upgraded interiors throughout the property.

Our borrowers purchased the property for $2.7M recently and after the renovations the property was valued at over $5M.


Our clients had started renovations on a house in Williamstown in Melbourne Victoria.

Our Approach

We were approached when the renovation works are partially complete and they needed an urgent injection of additional 300k for a short duration of 3 months for completion of balance works.


We settled the loan on a second mortgage within a week and the project was put back on track and completed within the required timeframe.


Our clients were owner builders who were developing factory units in NSW South Coast.

They needed additional funding to complete the project due to cash flow problems.


We successfully funded the requirement and the project has been completed.

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