Client approached AMF to assist with an upcoming purchase in Port Douglas. Security being a vacant block of land of 1,183 sqm. Client held an indicative approval from a competitor for the purchase & construction of the property. Once client reviewed the terms offered by AMF for the purchase, he decided to proceed with as the offer was superior to the competitor’s “indicative”.
Client’s requirements were: A 6-months maximum term, then refinance to a construction funder once ready to proceed with the development. A capitalised interest term to assist with cashflow as they conduct the preliminary requirements for the development. Max LVR on residential vacant land, without involving any other securities. Competitive pricing. AMF delivered on all fronts, providing client with a legitimate offer (not indicative), that met all client’s requirements and objectives.
