This project involved arranging funding for a prime retail and commercial development in Slacks Creek.
Anchored by a major petroleum company, fast food drive thru and a 1,135sqm commercial office building, a private loan across both a first and second mortgage was secured for the developer with a major bank looking at the takeout once complete.
Business Advisory Services
We recently worked with a Queensland-based civil construction company and its accountant to arrange finance for the buyout of a business partner and the purchase of a new commercial premises within a better business structure. The company has since successfully moved from having a $15m turnover to a $42m turnover in just two years with the assistance of the finance solutions and general business advice we’ve provided. As the company’s valued business partner, we will look to assist with further expansion into more diversified income streams as the business grows.
Breakfast Creek Quarter
Breakfast Creek Quarter is the next pinnacle of purpose built, mixed-use developments in Brisbane’s newest major growth hot spot, Newstead. The $300m development incorporates over 25,000sqm of office and commercial/retail spaces and three levels of basement car parking. A private loan across both a first and second mortgage has been secured to facilitate the development.
Transforming a key site within this leafy suburb, Ashmore Markets will offer a new level of premium amenity to the community with a total of 5,290m² of commercial and retail space. With a focus on fresh food, Ashmore Markets will be anchored by a premium grocer with restaurants, cafés and other specialty retail tenants.
The $50 million development has been architecturally designed with floor-to-ceiling glass to enhance the natural light into the interiors, creating a grand and welcoming environment. A private loan amount was secured to finalise the settlement of the site for the developer.
126-128 King Street
This mixed-use precinct is set to transform the surrounding suburb of Caboolture. The development has been designed to include medical and retail tenancies and commercial facilities and will be accompanied by a mix of architecturally designed 2 and 3-bedroom apartments. A private loan was sourced to facilitate the purchase and payment of planning costs.
This project involved the purchase, renovation and extension of an 18 room boarding house, transforming it into a modern, short-term accommodation building with 28 rooms and car parking just 3km from the Brisbane CBD.
The developers, Dega Projects, deemed the project a great success, completing and selling it within eight months of purchase. They also more than doubled the gross rental income of the property and overhauled the management processes to streamline systems for the new owner.
A private loan amount was sourced to facilitate the purchase and private works.
This is the third such project for this client and they are currently looking at two further developments of this type.
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