Completed property development projects
Create time to sell your stock
Take construction facility against the residual stock
Global Capital Commercial (GCC) have helped developers all around Australia make the most of the opportunity of take out finance. As the name implies, it allows for the funding of completed but unsold development stock for up to 12 months to allow the developer time to sell it. It is particularly useful if the developer used private lenders or mezzanine finance and wants to refinance the debt.
Take out facilities offer:
- More time to sell stock
- Higher LVR to allow for recapitilisation to start another project
- Higher LVR to allow for prepaid interest for the term
- Cheaper rate
- An opportunity if the existing lender wants out
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“Take out finance can be a godsend for many developers and GCC can create a solution that tailors to any financial situation.”
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Related Case Studies
Take Out Finance – Residual Stock
Contact us today to discuss how we can help release the equity that you have locked in your residual stock.
Melbourne Developer Nothing is worse than having funding approval for your projects in place, and then having it knocked back…
Melbourne Developer
Thank you very much. Its a simple and just another transaction for your guys, but for us it means a…
Anil Kumar
I have met an amazing array of property finance people during that time, but always come back to Global Capital…
Michael Knight
When it comes to home and investment property loans, Global Capital’s GCC Home Loans are very helpful and really know…
Directors, Nexus
As an accountant, I know a thing or two about money. Even then, the guys at GCC opened my eyes…
Andrew Jeffers, CEO
Damian McCormack, Broker I engaged GCC to assist my client with obtaining development finance for 8 townhouses as none of…
