Flexible funding and local expertise unlocks a landmark 254 home project in Canberra’s Lawson precinct.

Project overview

Trilogy Funds has provided a $21.24 million bridging facility to support the advancement of a major DA-approved residential development in Lawson, one of Canberra’s most in-demand and tightly held suburbs. The funding was tailored to enable the Sponsor to progress presales, complete early contractor involvement and transition into a construction facility for the delivery of 254 dwellings, including 10 affordable housing units.

The project occupies a 9,372 sqm waterfront site with panoramic district views and immediate proximity to the University of Canberra, Belconnen Town Centre and major infrastructure upgrades, including the $1 billion Canberra hospital redevelopment. With no comparable medium or large-scale projects currently being delivered in Lawson, the development benefits from a first-mover advantage and strong pricing power in a market constrained by limited land release.

The DA-approved masterplan features 23,260 sqm net saleable area across four buildings, designed with owner-occupiers and downsizers in mind. Apartments average a generous 91 sqm, complemented by landscaped communal areas, a central atrium, dual street frontages, rooftop gardens and basement parking.

The approved scheme’s large unit sizes, rooftop communal spaces and atrium-led design differentiate it strongly from typical Canberra apartment stock.

The Sponsor brings over 16 years of experience spanning site acquisition, development management, capital structuring and project delivery.

Why the borrower chose Trilogy Funds

Trilogy Funds was selected as the preferred partner for several reasons. These include:

• A bridging solution tailored to a critical development phase;
• Flexible financing that can accommodate potential marketing and sales costs, to accelerate presales and maximise exit options;
• A lender that understands complex ACT development frameworks; and
• Strong alignment with Trilogy Funds’ residential and urban renewal portfolio.

Clear and achievable exit strategy

The primary exit strategy is a refinance into a senior construction facility supported by a presale milestone and potential refinance into a construction facility. The secondary exit strategy includes a whole-of-site sale.

Discover how Trilogy funds structures fast, flexible financing for major development projects

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

Settled by Mark Riach.