19 Jul Major coastal subdivision funding Success!

CLIENT POSITION

The client is an established, well respected property developer who was in the process of commencing a regional residential land subdivision.

Certain delays in the construction process meant that the pre-sales aligned with the sunset clause.  This situation created challengers for most lenders to accept the pre-sales as a defined clearance source.

RSP SOLUTION

Robinson Sewell Partners presented the client’s position to a selective lender that became comfortable with the developer as a borrower and the project was undertaken.

Funding was achieved within 6 weeks which was perfectly aligned with the borrower’s timing requirements.