Since December 2020, Trilogy Funds has financed more than $41 million in specialist disability accommodation projects across Queensland.
What is specialist disability accommodation?
Specialist disability accommodation (SDA) is housing designed for people with functional impairment and a range of specific support needs. SDA dwellings are designed to include accessible features to help residents live more independently and allow other Supported Independent Living (SIL) services to be delivered more efficiently.
Presently there is a significant supply-demand imbalance. The latest data indicates that around 28,000 people across Australia require SDA with fewer than 7,000 positions in new SDA dwellings actually available. Compounding this, demand for SDA is currently growing at 2.4% per annum. This highlights the ongoing opportunity for property developers to help address a critical community need.
Case study: Repeat borrower developing SDA dwellings
Trilogy Funds values strong relationships. We are pleased that since December 2020, a repeat borrower has chosen us for nine separate SDA construction projects ranging from Far North Queensland to the Gold Coast with multiple regional hubs in between.
Earlville, Cairns
- Loan amount: $2.757 million
- LVR: 53.74% (excluding GST)
- Loan type: Construction
- Initial Loan term: 10 months
- Settled: December 2020
This project comprised six two-bedroom SDA apartments, as well as an onsite overnight assistance studio for the exclusive use of the carers of the High Physical Support and Fully Accessible residents.
Smithfield, Cairns
- Loan amount: $2.685 million
- LVR: 44.16% (excluding GST)
- Loan type: Construction
- Initial Loan term: 10 months
- Settled: November 2021
We financed the construction of a two-storey residential building comprising five two-bedroom SDA apartments, also including an onsite overnight assistance studio.
Gordonvale, Cairns
- Loan amount: $2.635 million
- LVR: 49.07% (excluding GST)
- Loan type: Construction
- Initial Loan term: 9 months
- Settled: February 2022
This development comprised five two-bedroom SDA apartments, and an onsite overnight assistance studio.
Browns Plains, Logan
- Loan amount: $3.840 million
- LVR: 63.22% (excluding GST)
- Loan type: Construction
- Initial Loan term: 10 months
- Settled: September 2022
This project was sizeable and also the first South East Queensland project that we financed for this client. It consisted of six two-bedroom apartments, as well as an onsite overnight assistance studio apartment. Each of the six SDA apartments has an internal area of over 100 square metres (sqm), as well as additional patio or courtyard areas ranging from 7 sqm to 130 sqm.
Waterford West, Logan
- Loan amount: $4.002 million
- LVR: 63.22% (excluding GST)
- Loan type: Construction
- Initial Loan term: 10 months
- Settled: September 2022
Settled simultaneously, cross collateralised with and located just down the road from Browns Plains development, Trilogy Funds assisted in financing the construction of another SDA residential dwelling. The two-storey building also consists of six two-bedroom apartments with a minimum internal area of 102 sqm, as well as an onsite overnight assistance studio.
Berserker, Rockhampton
- Loan amount: $3.922 million
- LVR: 58.44% (excluding GST) cross collateralised with Yeppoon
- Loan type: Construction
- Initial Loan term: 12 months
- Settled: June 2023
Settled simultaneously and cross collateralised with the Yeppoon project below, Trilogy Funds provided a loan for the development of six two-bedroom SDA apartments at Berserker in Rockhampton.
Yeppoon
- Loan amount: $4.201 million
- LVR: 58.44% (excluding GST) cross collateralised with Rockhampton
- Loan type: Construction
- Initial Loan term: 12 months
- Settled: June 2023
Located in close proximity to the Rockhampton project and settled simultaneously, Trilogy Funds provided a financing solution for the development of another SDA dwelling consisting of six two-bedroom apartments, along with an onsite overnight assistance studio apartment.
Hope Island, Gold Coast
- Loan amount: $4.007 million
- LVR: 65.22% (excluding GST) cross collateralised with Wilsonton
- Loan type: Construction
- Initial Loan term: 10 months
- Settled: September 2024
The eighth construction loan to this repeat borrower ventured further south in Queensland to the Gold Coast. The loan is for the development of a two-storey SDA dwelling consisting of five two-bedroom high physical support design certified apartments, as well as an onsite overnight assistance studio apartment.
Wilsonton, Toowoomba
- Loan amount: $4.093 million
- LVR: 65.22% (excluding GST) cross collateralised with Hope Island
- Loan type: Construction
- Initial Loan term: 9 months
- Settled: September 2024
The ninth and most recent loan by this repeat borrower ventured west to Toowoomba. The loan is to finance the construction of a two-storey SDA dwelling comprising six two-bedroom apartments, as well as an onsite overnight assistance studio apartment.
Trilogy’s track record
Trilogy Funds provides commercial property development finance for brokers and property developers Australia-wide, with the purpose of going beyond traditional lenders by offering tailored, flexible and personalised solutions.
With more than 25 years’ experience financing projects across the residential, commercial, industrial and retail property sectors, Trilogy Funds knows what it takes to make your project successful.
So, whether you are looking to secure your first financing solution or your tenth, the Trilogy Funds team is here to help you with loans between $2 million and $50 million with funds ready to deploy via competitive rates and terms.
To learn more and enquire, visit https://trilogyfunds.com.au/financing/.
