Whole Loan Funding Solutions For Developers:
For all concurrent loan applications that follow our provision of initial preliminary indicative caveated whole loan lending terms that we provide to developers at earlier stage in the process as soon as projects are identified or direct approaches are made to developers and whole loan solution proposition is made, then upon more detailed developer and project due diligence is completed, detailed terms offered from the senior debt lender and by its junior co-funders that sometimes may include a platform partner followed by receipt of commitment from the developer full loan applications are made with fee cost undertaking commitment from the developer to pay commitment fees, valuation and legal fee as clearly stated in the offer letters of the senior debt and junior co funder/s.
Only with the permission of the specific senior debt lender we always seek to minimise the financial applications costs to the developer by the debt lender agreeing to provide the valuation to the junior funders and rely on it for underwriting loan applications to them.
Upon conclusion of free developer equity and security review, developer due diligence,its receipt of preliminary indicative caveated whole loan lending terms that may also include likely indicative headline terms and conditions associated with BTR Operator and/or Forward Purchaser further de-risking the project advanced success only fee commitment will be sought from the developer and/or any of the lenders brought to who will fund the project, subject to successful loan applications being underwritten by them.
Prior to a developer giving full fee cost undertaking to commence with concurrent,co-operative loan applications the developer must promptly divulge and volunteer all relevant material that may impact the lending decision and be as certain as possible that financial viability of the project can be proven and will withstand the rigorous scrutiny of the underwiting team of the senior debt lender and also of the co-funders.
Draft versions of our own success only fee commitment mandates or fee cost undertaking are available to developers or lenders on request
Whole Loan Solutions For Property Developers.
Whether you are a Property Developer who owns or controls a site or building now that has a viable planning consent for which financial viability can be proven by the developer,when it commits to making the concurrent loan applications to the senior debt lender and its junior co-funder/s or you seek to buy new project without encountering funding issues that prevent a timely purchase or if you are instead a non developer site or building owner who seeks us to ensure the developer we bring you to buy your project will encounter no funding issues due to assistance and support of the senior debt lender then for either scenario we assist to attain desired outcomes that are beneficial to each party.
It is not our policy to overlook and neglect all matters that relate to the current funding capacity of suitable property developers to fund new planning applications and/or receive whole loans within realistic time frames that are acceptable to the specific developer and/or the current non developer site or building owner who is selling the project.
Our Free Developer Equity contribution and security reviews at the outset along with the provision of preliminary indicative whole loan lending terms at the earliest opportunity possible to enable the developer to make the required commitment to start and make the concurrent loan applications at the same time assists all parties to avoid delay that is associated with making consecutive multiple loan enquiries to multiple parties in an unco-ordinated less efficient way.
In some instances alongside whole loan lending terms that are provided to developers we also provide preliminary indicative caveated likely terms and conditions of a BTR Operator and/or forward purchase we bring to suitable projects in our attempt to assist non developer or developers with relevant solutions for their projects that result in construction starts or project sales and construction starts.