Property Finance

Our Experience

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

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