Author Archive
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35ive Clarence – Indooroopilly
Purpose of Loan: To fund the development of 13 x residential units in Indooroopilly Loan Limit: 1st Mortgage - $4,000,000 LVR: 1st Mortgage - 80% of Total Development Costs excluding GST Loan Term: 14 months Facility Type: Construction facility Presales: 75% of debt cover
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QFG Secures Structured Finance Package for Project in West End
QFG structures a 1st Mortgage and Preferred Equity Finance Package at VIDA – West End QFG was engaged, by a repeat client, to secure a structured finance package for an iconic development on the Brisbane River at West End. Finance for a 1st mortgage was obtained at 80% of total development costs, this was sourced from a second tier bank. The loan amount was $61,000,000 PLUS a GST facility of $500,000. A $12,800,000 preferred equity package was secured which represented 72% of ...
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“VIDA” 144 Unit Project @ West End
Purpose of Loan: To fund the development of 144 x residential units + 209sqm of retail in West End across two 12 storey towers. Loan Limit: 1st Mortgage - $61,500,000 Preferred Equity - $12,800,000 LVR: 1st Mortgage - 80% of Total Development Costs excluding GST Preferred Equity - 80% of the equity requirement Loan Term: 24 months Facility Type: Construction facility Presales: 100% of debt cover
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Bulimba Units – No Presales
Purpose of Loan: To fund the development of 8 x residential units in Bulimba with no presales. The facility was secured via a non-bank funder. Loan Limit: $2,507,000 LVR: 85% of Total Development Costs excluding GST Loan Term: 12 months Facility Type: Construction facility Presales: Nil
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QFG Client in the News
Five levels of quality create new standard-CM-18Jan New year new focus-CM-18Jan
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10 x Townhouses – Carina Heights – Bank Funded with Nil Presales
Purpose of Loan: To fund the development of 10 x two storey residential townhouses in Carina Heights with no presales. The facility was secured via a bank Loan Limit: $3,170,000 LVR: 80% of Total Development Costs excluding GST Loan Term: 12 months Facility Type: Construction facility Presales: Nil
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Refinance Company in Administration
Purpose of Loan: To refinance the assets of a company that was in administration using rural residential property as security. Loan Limit: $615,000 LVR: 62% against 3 properties in a regional/rural location Loan Term: 2 years Facility Type: Private Loan Pricing: 11.50%
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Business Acquisition
Purpose of Loan: To fund the acquisition of a wedding planning and events business, using residential property and the business as security Loan Limit: $1,289,400 LVR: 80% against the residential property; 65% against the business purchase price Loan Term: 30 years on the residential property portion; 5 years on the business loan portion Facility Type: Residentially secured business loan + a business loan Pricing: 5.05% against the residential component; 9.65% against the business loan portion
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Mordant St, Ascot Project
Purpose of Loan: To fund the development of 11 x residential units at Ascot Loan Limit: $2,985,000 LVR: 73% of Gross Realisation excluding GST Loan Term: 12 months Facility Type: Construction facility Presales: Nil
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QFG Client Article
Popularity on the rise with penthouses
