Ashfield 30-Room Boarding House — No Doc Private Lender
Ashfield, NSW
Boarding House.
$10.5M Settled
The Challenge
A client required funding for a 30-room boarding house in Ashfield catering to university students, incorporating affordable housing components. At $10.5 million, the project was a mixed-dwelling development combining residential, low-income, and student accommodation. This sits outside standard lending criteria and requires a lender with genuine appetite for complex mixed-use assets.
The Solution
Settled Funding Group placed the deal with a no doc private lender at 65% of GRV on a capitalised interest structure, allowing the client to progress through construction without repayment obligations. The mixed-dwelling nature of the project was assessed holistically against the gross realisable value rather than by individual use category.
Loan at a Glance
| Detail | Info |
|---|---|
| Loan Type | No doc private |
| Project Value | $10.5M |
| LVR | 65% of GRV |
| Structure | Capitalised interest |
| Asset Type | Mixed dwelling (residential, affordable housing, student accommodation) |
Need Construction or Development Finance?
Settled Funding Group assists borrowers across all stages of the build cycle. We can help you source capital from $200K to $15 million to complete your project, drawing on a lender panel of 90+ bank, non-bank, and private lenders.
