How flexible funding is helping developments move forward.
Recently, we settled an 18-month, $10.21 million construction loan to support the delivery of a luxury, five-level low-rise apartment development in Point Arkwright, an affluent coastal enclave just south of Coolum Beach on Queensland’s Sunshine Coast. The project will include two full-floor apartments ranging in size from 249 sqm to 300 sqm, and a 382 sqm penthouse featuring a private rooftop terrace and pool.
Trilogy Funds was able to leverage our local market knowledge and previous lending experience in the area. From insights gained from two active developments in the area and an adjoining new beachfront land community, as well as a strong understanding of the project’s risk profile, we offered a facility with agreed sales milestones in place of a pre-sale requirement.
This deal illustrates Trilogy Funds’ ability to tailor funding solutions that work for the project. It’s how we help developers move forward, even when their project doesn’t fit the standard lending mould.
Settled by Jack Mihajlovic.
If you’re looking for a lender who understands your project’s potential, talk to Trilogy Funds: Enquire Now
Loan specifics
| Loan Amount | $10.214 million |
| Loan Term | 18 months |
| Loan Type | Construction |
| Loan-To-Valuation Ratio | 61.90% (excl. GST) |
