Experience in Property Finance

Some of the property projects, for which STAC and its Directors have been the lead-arrangers or financiers, are summarised below. Finance structures varied, ranging from straight Senior debt, to multiple layers of the capital stack such as Mezzanine Debt, Preferential Equity and JV Equity. 

119 luxury apartments Kangaroo Point Qld

Construction of a 12 storey luxury residential development, plus ground floor retail; apartments ranging from 1 bedroom $420k to penthouse $4.95m.

Major Bank funding achieved in late 2017 when market conditions presented very limited funding appetite for high-density inner-city residential development.

Gross Realisation Value $100m

104 apartments
Darwin NT

Construction of an owner-builder/developer 10 storey residential apartment development

Gross Realisation Value $40m

93 apartments
Greenslopes Qld

Construction of an 8 storey residential apartment development

Gross Realisation Value $45m

31 apartments


Lutwyche Qld

Construction of 5 storey residential apartment development

Gross Realisation Value $14m

64 apartments
Mackay Qld

 

Construction of a 9 storey residential development

Gross Realisation Value $25m

Ultra-Luxury Mixed-Use
Mooloolaba Qld

Construction of a 12 storey mixed-use development comprising 22 ultra-luxury apartments plus ground-floor retail

Gross Realisation Value $70m

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45 apartments
Chermside Qld

 

Construction of a boutique residential development

Gross Realisation Value $23m

Motor Vehicle Dealership

Acquisition and refurbishment of new car dealership

Value on Completion $7.5m

Child Care Centres Portfolio

Acquisition/Development of multiple assets within a portfolio of freehold & going-concern child care centres

Portfolio Going-Concern Value $18m

69 townhouses
Sippy Downs Qld

Construction of multi-stage townhouse development

Gross Realisation Value $28m

8 townhouses
Carina Qld

 

Non-Bank construction finance with nil pre-sale requirement

Gross Realisation Value $5.4m

Boutique Hotel
Northern NSW

Redevelopment of a boutique award winning hotel

Value on Completion $22m

Industrial Tilt-Slab
Brendale Qld

Construction of a partially owner-occupied industrial tilt-slab building, negotiated pricing more than 1% lower than incumbent lender

Value on Completion $4.2m

Bulky Goods
Burleigh Heads Qld

Site acquisition and construction of a bulky goods retail centre

Value on Completion $8.5m

Neighbourhood Shopping Centre

Acquisition, refurbishment and further development of shopping centre

Value on Completion $6m