Trilogy Funds delivers $41.678 million financing solution to bring ‘Charm’ to the Gold Coast.
Trilogy Funds recently provided a $41.678 million financing solution to support the acquisition of a prime riverfront site and development of ‘Charm’, a luxury medium-rise residential apartment building in Surfers Paradise on Queensland’s Gold Coast.
The eight-storey building will feature ten oversized luxury apartments, complemented by ground-floor restaurant and retail tenancies. Residents are set to enjoy premium amenities including a gym, pool, spa and sauna, as well as a marina berth for penthouse and sub-penthouse owners. Apartment sizes range from 257 sqm to 483 sqm and a penthouse with a gross floor area of 703 sqm inclusive of amenities, offering expansive living spaces designed for discerning buyers.
The Sponsor is an established Sydney-based developer expanding into the Gold Coast market with the ‘Charm’ project. Their proven track record includes six residential developments since 2016 with a combined gross realisation value of $228 million.
This experience gave Trilogy Funds confidence to structure a solution that accommodated unique development methodologies while meeting the Sponsor’s tight settlement deadline. Following formal loan approval, legal certification and property settlement were completed in just three business days.
This is a testament to Trilogy Funds’ hallmark approach of delivering fast, flexible financing solutions for brokers and borrowers.
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Loan settled by Jack Mihaljovic.
Loan specifics
| Loan amount | $41.678 million |
| Loan term | 30 months |
| Loan type | Construction |
| Loan-to-valuation ratio | 65.48% (including GST) |
