Author Archive
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QFG Secures 1st and 2nd Mortgage Finance at Gateway Apartments – Mackay
QFG Secures 1st and 2nd Mortgage Finance at Gateway Apartments – Mackay QFG was engaged, by a repeat client, to secure a structured finance package in a regional location for a residential development. Regional locations have, once again, proved difficult to secure finance in, especially where a 1st and 2nd mortgage package is required. Finance for a 1st mortgage was obtained at 80% of total development costs, this was sourced from a second tier bank. The ...
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1st & 2nd Mortgage on Mackay Unit Development
Purpose of Loan: To fund the development of 56 x residential units in Mackay Loan Limit 1st Mortgage: $12,150,000 Loan Limit 2nd Mortgage: $2,500,000 LVR: 97% of total development costs Loan Term: 12 months Facility Type: Construction facility Presales: 120% of debt cover
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Westpac Weekly
Highlights: -The case for an August rate cut builds - Australian data: Westpac–MI leading index - NZ data: Q2 CPI - China data: Q2 GDP - Fedspeak: Chair Bernanke's semi-annual testimony - US data: retail sales, CPI, industrial production, and housing starts & permits - Key economic & financial forecasts. Download Report
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Luxury Townhouses @ Bulimba
Purpose of Loan: To fund the development of 4 x luxury townhouses at Bulimba Loan Limit: $1,920,000 LVR: 88% of total development costs Loan Term: 12 months Facility Type: Construction facility Presales: Nil
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Build & Hold @ Racecourse Rd, Ascot – 4.75% Variable Rate
Purpose of Loan: To fund the development of 2 x commercial tenancies at Ascot. The property was retained upon completion Loan Limit: $1,400,000 LVR: Up to 60% of the as is value Pricing: 1.90% + 90 days bills - 4.75% Loan Term: 15 years Facility Type: Construction facility converting to a term loan Presales: Nil
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The Finance Professional – Issue 15
http://www.thefinanceprofessional.com.au/emagazine/issues/Issue15/magazine.html
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No presales @ Nundah
Purpose of Loan: To fund the development of 9 x 2 bedroom apartments at Nundah Loan Limit: $2,151,000 LVR: 70% of total development costs Loan Term: 15 months Facility Type: Construction facility Presales: Nil
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Soprha
Edward and the team at Queensland Finance Group were meticulous in their handling of our construction finance. The project ran as smooth as we would of hoped.
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Windsor St, Nundah
Purpose of Loan: To fund the development of 28 residential units for a builder/developer Loan Limit: $6,565,000 LVR: 80% of total development costs Loan Term: 15 months Facility Type: Construction facility Presales: 80% of debt cover
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Wulguru Hights, Townsville
Purpose of Loan: To fund the acquisition of a 197 staged land subdivision Loan Limit: $440,000 LVR: 50% of purchase price Loan Term: 12 months Facility Type: Term facility
