Where traditional lenders typically impose rigid constraints, Trilogy Funds was able to deliver a bespoke financing solution that aligned with a repeat borrower’s development experience and proven sales strategy.

Project overview

Trilogy Funds recently provided a $25.95 million construction financing solution that enabled a repeat borrower to seamlessly transition from a short-term bridging facility into full construction funding. The facility also allowed the Sponsor to simultaneously acquire an adjoining site, consolidate multiple land parcels and preserve liquidity for future projects.

The tailored solution recognised the Sponsor’s proven selldown capability, integrated sales model and demonstrated delivery track record. This allowed construction to proceed with a lower presale threshold than a major bank would have required, full cost-to-complete funding and a timeline aligned to the Sponsor’s broader development pipeline.

The facility supports the development of ‘Willowbrook’, a 48-townhouse residential project located in the suburb of Morayfield, within one of Southeast Queensland’s strongest townhouse demand corridors. In particular, Morayfield and the wider Moreton Bay region benefit from ongoing infrastructure upgrades, strong owner-occupier and investor demand, and limited supply of new townhouse stock.

The project comprises 48 two-level, three-bedroom townhouses, ranging from 135 sqm to 164 sqm (averaging 147 sqm) plus courtyards. The townhouses are complemented by extensive communal amenities, including a resort-style pool, BBQ, covered entertaining areas and landscaped open space.

The development is led by an experienced repeat borrower with a proven sales engine. In 2024, Trilogy Funds provided a facility to support a 29-lot residential subdivision in Southeast Queensland. This development was completed, fully sold and repaid within ten months of loan settlement. The success of this development provided Trilogy Funds with strong confidence in the Sponsor’s execution capability, sales discipline and capital management.

Why Trilogy Funds was the preferred partner

Trilogy Funds was the preferred financing partner for several reasons.

1. Ability to transition seamlessly from bridging to construction facility

Trilogy Funds previously provided a short-term bridging loan to enable the Sponsor to acquire 50% of the Willowbrook site. When the adjoining parcel became available under a staggered settlement, Trilogy Funds restructured the facility into a single, consolidated loan. This consolidated facility is to fund the refinance of the existing bridging facility, acquisition of the adjacent site and full construction costs.

This end-to-end support eliminated refinancing risk and allowed the Sponsor to focus on delivery.

2. Construction funding with a pragmatic presale requirement

While traditional lenders required materially higher presale coverage, Trilogy Funds structured the facility around 15 qualifying presales prior to construction drawdown and further sales milestones achieved progressively during construction.

This approach recognised the Sponsor’s demonstrated ability to sell stock efficiently during buildout, rather than forcing unnecessary early discounting.

3. A lender aligned with long-term relationship growth

The facility’s pricing and structure reflected Trilogy Funds’ understanding of the Sponsor’s multi-project pipeline. As such, Trilogy Funds’ relationship-led approach allowed the Sponsor to plan confidently beyond a single transaction.

Clear exit strategy

The primary exit strategy is the sale of approximately 36 townhouses, which is forecast to fully repay the facility. The remaining 12 dwellings provide a security buffer, offering downside protection.

Secondary exit options include residual stock finance and sponsor balance sheet support via other completing projects.

Discover how Trilogy Funds supports growing development pipelines

From bridging acquisitions to largescale construction, Trilogy Funds specialises in fast, flexible development finance tailored to real-world project delivery.

Request an indicative offer today at https://trilogyfunds.com.au/financing/.

Settled by Jack Mihaljovic.