Take Out Finance

Take out Finance, as the name implies, allows for the funding of completed but unsold development stock for up to 12 months to allow the Developer time to sell the stock.

It is particularly usefull if the developer used private lenders or mezzanine finance and wants to refinance the debt.

General reasons for take out finance include:

Existing lender wants out
Higher LVR to allow for prepaid interest for the term
Higher LVR to allow for recapitilisation to start another project
Cheaper rate
More time to sell stock

If you have a completed development and require a take out facility contact GCC.

If you would like to speak to one of our consultants for further information contact Global Capital Commercial on 02 9222 9100 or, if you would prefer one of our consultants to contact you please complete and return our one page enquiry form.

download property finance enquiry form

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