In the highly specialised market of property development you can make millions of dollars with a few well planned projects, properly financed and built on time and to budget.
The problem is, as most developers have experienced, all projects don't always follow these rules or work out according to the numbers on the feasibility spreadsheets.
As a developer you have probably experienced some of these examples:
The DA always takes longer to get and Councils usually spring some surprises,
The land price is too high and the owner is wanting some of your profit,
The builders pricing is always too high or the contract has tricky out clauses,
The Agents retail sales estimates are never high enough to make the deal work,
The valuers price is less than you thought and the QS pricing is too high,
And to add to that, the bank now wants 60% in pre sales- so there goes more of the profit you thought you were getting,
Then you realise the deal is tight and you are short of funds and may need a joint venture partner or maybe mezzanine funding or a funder who doesn't need pre sales.
Suddenly those millions of dollars of your money are slipping away!
There is a solution:
At Positive Finance Australia we specialise in taking on and solving some of those challenges for you. We can arrange;
- Land banking finance
- Development finance up to 100% of costs
- Mezzanine finance
- Joint venture partners
- Equity finance
- Finance with or without pre sales.
It's very simple to try us out;
1: Contact our office and talk us through your project or send your feasibility spreadsheets.
2: We will do a preliminary assessment of your project and provide you with the general terms of a funding arrangement or package.
3; Upon you accepting that these general terms suit your needs we will then start the process to secure these finance arrangements or package for your project.
For a quote or a chat either call us on 1300 POSFIN (767 346) or request a quote
In most cases, the banks offer reduced interest rates such as "Professional Packages" that have a rate reduction of up to 0.70 off their normal variable rate to those clients who they may deem as professional or investment borrowers.
Now is the time for all households to take action and fight back by considering refinancing your current liabilities with the new Bank Buster Home Loan * and save around $185 per month * on your repayments, based on a $300,000 mortgage at the average variable rate.
Compare the following rates to your own rates;
The Bank Buster Home Loans are available for both full documentation 6.90% Variable Rate (7.130% Comparison Rate) applicants. This is not just a Honeymoon Rate. This is a lifetime reduction of 0.90% off the normal variable rate and will only change when the Reserve Bank of Australia changes their rates.
Imagine refinancing your personal and car loans, credit cards and so on into your mortgage and having a better-than-professional rate that will not only allow you to streamline your debts and ease the weekly budget, but it could also save you many years off your mortgage. Or buying a new house perhaps - That extra 0.20% adds up to a lot of extra monthly overheads.
Give us a call now on 1300 POSFIN (767 346) and mention this blog or visit Positive-Finance-Australia.com so we can help stop your hard earned income from disappearing.
* Conditions apply. Comparison rate applies to the example given and is based on a $300,000 loan over 30 years using the current variable rates.
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