Clients had acquired a development site with plans to construct 8 duplexes. They required a construction facility with no presales and a high LVR, as they were concurrently completing another project. Despite the sponsor’s strong track record, their primary trading bank declined the deal due to the absence of presales.
AMF leveraged its panel of lenders to source multiple term sheets that met the client’s requirements, including no presales and the requested LVR. The transaction was settled within the required timeframes, and AMF worked closely with both the lender and the client to manage the construction process from start to finish.
