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GCC is one of Australia's leading facilitators of construction loans & development finance Australia Wide for loans over $1M.
GCC has extensive experience in structuring construction loans and can facilitate development finance for land subdivisions, residential, commercial, office, industrial, retail and hospitality orientated property throughout Australia.
GCC Development Finance can be structured in many ways, tailored to the specific needs of the project. Typical development funding structures fall into two main categories; total development cost based facilities and the GRV based facilities.
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Total Development Cost
(TDC) finance is based as a percentage on all costs associated with the development such as land purchase, construction costs, professional fees, marketing costs, stamp duty, interest and so on, GCC offers facilities up to
80% of Total Development Costs (TDC)
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Gross Realisation Value
(GRV) finance is based on a percentage of the projects end value upon completion. GCC offers facilities up to
70% of Gross Realisable Value (GRV)
GCC also offers the following additional development and construction facilities:
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Mezzanine facilities which bridge the gap between Senior Debt and the developers’ equity
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Equity participation where the developer has insufficient equity to successfully finance the project
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Land Bank
finance for land to be held for construction at a future stage
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Take-out
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acilities of residual stock to repay construction loans, release equity or to allow for an extended selling time
Value Add Services
Often development projects need assistance in structuring the proposal for successful financing. Examples are sourcing appropriate project marketing specialists, project managers, builders, valuers and Quantity Surveyors.
GCC can also arrange:
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Presale underwriting products such as Put options and Standby presales which enables construction to commence immediately instead of waiting for pre-sales
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Credit Enhancement Bonds (CEB) which insures the lender in terms of pre-sales. For example if if a lender wants 100% presales the CEB will insure 20% meaning that the developer only has to achieve 80% of presales.
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Joint Ventures with experienced property developers
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Builder Selection is one of the biggest challenges for a property developer is finding the right builder to build a project, in the selected location, to start when required, at the best possible price, through GCC’s business partners we can help make the choice of builder simple
GCC is closely aligned with all the market participants, including those in agency, valuation and construction plus our long term relationships with lending institutions and developers gives us a unique market overview and adds significant value to our clients.
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