Trilogy Funds delivers $5.298 million construction loan for Loganholme townhouse development.
Trilogy Funds recently provided a $5.298 million construction loan to finance the development of 11 townhouses in Loganholme, a high-growth corridor in Southeast Queensland. Loganholme is positioned between Brisbane and the Gold Coast, offering strong connectivity via the Pacific Motorway and proximity to major retail hubs like Logan Hyperdome. The suburb has seen annual house price growth of 14.83%.
The development will feature nine four-bedroom townhouses and two three-bedroom townhouses, ranging in size from 180 sqm to 211 sqm and designed to appeal to first home buyers and investors.
While the Sponsors bring extensive experience in infrastructure and creative design, they are relatively new to property development. To mitigate risk and provide cost certainty, Trilogy Funds recommended they enter a Gross Maximum Price – Fixed Lump Sum contract rather than a Cost-plus contract.
This allowed the Sponsor to gain cost certainty supported with over 95% of build packages having been validated through competitive third-party quotes and performance measures with the builder in the event they provide early delivery of practical completion. Trilogy Funds also benefits through reduced financial risk and greater confidence in project viability and loan repayment.
This mutually beneficial structure reflects Trilogy Funds’ commitment to tailored financing solutions that support both emerging and experienced developers.
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Loan settled by Jack Mihaljovic.
Loan specifics
| Loan amount | $5.298 million |
| Loan term | 14 months |
| Loan type | Construction |
| Loan-to-valuation ratio | 58.38% (including GST) |
