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Residual Stock Take Out Finance

Completed property development projects
Create time to sell your stock
Take construction facility against the residual stock?

Global Capital Commercial (GCC) have helped developers all around Australia make the most of the opportunity of take out finance. As the name implies, it allows for the funding of completed but unsold development stock for up to 12 months to allow the developer time to sell it. It is particularly useful if the developer used private lenders or mezzanine finance and wants to refinance the debt.

Take out facilities offer:

  • More time to sell stock
  • Higher LVR to allow for recapitilisation to start another project
  • Higher LVR to allow for prepaid interest for the term
  • Cheaper rate
  • An opportunity if the existing lender wants out

“Take out finance can be a godsend for many developers and GCC can create a solution that tailors to any financial situation.”

Related Case Studies

Take Out Finance – Residual Stock

Contact us today to discuss how we can help release the equity that you have locked in your residual stock.

Damian McCormack, Broker

I engaged GCC to assist my client with obtaining development finance for 8 townhouses as none of the major banks were able to assist. GCC obtained approval consistent with the clients’ requirements (specifically no pre-sales) in a timely and professional manner. The approval was a big relief for the client as this project could release Continue Reading

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