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