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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 (CED) 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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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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Joint Ventures with experienced property developers
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Builder Selection 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. |