Property Finance
Our Experience
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
Cattle Farm
Investor Syndicate Group purchase 25 year amortisation profile
$18m debt facility
104 Apartments
Darwin NT
Construction of an owner-builder/developer 10 storey residential apartment development
Gross Realisation Value $40m
Car Park
70% amortised over 15 years with no recourse to Directors/Shareholders30% Interest Only for 10 years with recourse
Total Debt $8m
93 Apartments
Greenslopes Queensland
Construction of an 8 storey residential apartment development
Gross Realisation Value $45m
31 Apartments
Lutwyche Queensland
Construction of 5 storey residential apartment development
Gross Realisation Value $14m
Suburban Shopping Centre
Split Senior Debt strategy, $10m on 10 year Interest Only tenor with long-term Interest Rate Hedging
$15m amortised over 25 years
Total Debt $25m
54 Townhouses
Taigum Queensland
Construction finance with Australian Bank. Developer’s existing bank spent over 3 months without getting to an approval. STAC quickly identified that the existing bank would not get to an approval. A deal with another bank, on more advantageous terms, was secured on indicative terms within 48 hours; formal approval expedited.
Gross Realisation Value $24m
Boutique Hotel
Northern NSW
Redevelopment of a boutique award winning hotel
Value on Completion $22m
Ultra-Luxury Mixed-use
Mooloolaba Queensland
Construction of a 12 storey mixed-use development comprising 22 ultra-luxury apartments plus ground-floor retail
Gross Realisation Value $70m
Motor Vehicle Dealership
Acquisition and refurbishment of new car dealership
Value on Completion $7.5m
69 Townhouses
Sippy Downs Queensland
Construction of multi-stage townhouse development
Gross Realisation Value $28m
93 Apartments
South Brisbane
Construction of tower 2 of total 210 apartments.
The bank that funded tower 1 provided an approval for tower 2, however their pre-sale terms could not be met in practice. STAC achieved an approval with a bank, during the elevated bank tightening of late 2018, negotiating terms that allowed a percentage of Chinese FIRB buyers far higher than even “normal market” conditions.
Child Care Centres
Portfolio
Acquisition/Development of multiple assets within a portfolio of freehold & going-concern child care centres
Portfolio Going-Concern Value $18m
8 Townhouses
Carina Queensland
Non-Bank construction finance with nil pre-sale requirement
Gross Realisation Value $5.4m
Industrial Tilt-Slab
Brendale Queensland
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 Queensland
Site acquisition and construction of a bulky goods retail centre
Value on Completion $8.5m
Neighbourhood Shopping centre
Acquisitioin, refurbishment and further development of shopping centre
Value on Completion $6m
64 Apartments
Mackay Queensland
Construction of a 9 storey residential development
Gross Realisation Value $25m