Five Dock Duplex Construction Rescue — Refinance & Completion Funding
Five Dock, NSW
Duplex.
$4.5M Settled
The Challenge
A client in Five Dock was mid-construction on a duplex with an existing major bank construction facility in place when their builder walked off the job following a serious dispute. The project stalled, the existing facility became untenable, and the client needed urgent refinancing plus additional funds to appoint a new builder and complete the build.
The Solution
Settled Funding Group refinanced the existing major bank debt and secured additional funding to complete construction. The deal settled at $4.5 million, representing 55% of GRV, within four months. By restructuring the facility entirely, the client was able to re-engage a new builder and see the project through to completion.
Loan at a Glance
| Detail | Info |
|---|---|
| Scenario | Mid-construction rescue and refinance |
| Settlement Value | $4.5M |
| LVR | 55% of GRV |
| Asset Type | Duplex |
| Inquiry to Settlement | 4 months |
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.
