Trilogy Funds recently tailored a $10.235 million financing solution that allows a longstanding partner to refinance their existing facility, secure a DA-approved site and move rapidly toward construction commencement.

Project overview

Trilogy Funds recently provided a $10.235 million construction financing solution to support the development of 22 industrial storage and warehouse units within Tamworth’s rapidly expanding Global Gateway Park.

The project will deliver two modern, portal-frame industrial buildings totalling 5,628 sqm, featuring 18 standard storage units, four rear units and two front-facing units with retail-style facades.

Each unit includes high-specification finishes, such as electric roller shutters, polished concrete flooring, commercial-grade windows, accessible amenities and the option for a 50 sqm mezzanine level. A total of 78 car spaces will be incorporated throughout the site.

Unit pricing is anticipated in the $700,000 to $750,000 range, with the project already attracting ten expressions of interest.

The Sponsor brings strong capability across both industrial and residential development throughout New South Wales and Queensland. Trilogy Funds previously provided a financing solution for the Sponsor’s 28-unit Toowoomba industrial project that is now nearing completion with 120% debt coverage, giving added confidence in the Sponsor’s ability to deliver projects of this type and scale.

Why Trilogy Funds was the preferred partner

Trilogy Funds was the Sponsor’s preferred financing partner for a number of reasons:

• A longstanding relationship with an existing project successfully funded by Trilogy Funds, creating confidence in Trilogy Funds’ construction oversight and drawdown processes.
• Ability to structure a loan aligned to the Sponsor’s delivery model, including cost-to-complete funding, a higher contingency allowance and flexibility around construction milestones.
• Fast and pragmatic decision making, supporting a smooth transition from land acquisition into construction commencement.
• Understanding of regional industrial markets, aligning with Trilogy Funds’ strategic appetite to expand industrial exposure in growth corridors.

This tailored approach ensured the Sponsor could refinance their existing facility, secure the DA-approved site and move quickly toward construction commencement.

Supporting strong regional fundamentals

Located adjacent to Tamworth Regional Airport, the Global Gateway Park is emerging as a major industrial logistics hub. The project fills a critical gap for SME-sized warehousing, as competition is currently limited and existing stock is largely large-format industrial sheds.

Demand is expected to be driven by regional business growth, decentralisation trends, strong interest from owner-occupiers and local trades, and a growing pipeline of prospective tenants identified.

A clear, achievable exit strategy

The primary exit strategy is the sale of units, which is currently supported by active marketing, ten reserved deposits and favourable owner-occupier demand. Secondary exit options include refinancing or rolling into a residual stock loan.

Discover how Trilogy Funds can support your next project

Experience fast, flexible financing tailored for property developers and brokers. Request an indicative offer today at https://trilogyfunds.com.au/financing/.

Settled by Matthew Silvester.