Wallsend Four Townhouses — Built to Hold | Non-Bank Private Lender
Wallsend, NSW
Four Townhouses.
$2.5M Settled
The Challenge
A client in Wallsend wanted to build four townhouses as a long-term rental portfolio, a built-to-hold strategy rather than a sell-down. With 60% LVR existing debt on the land and a non-conforming income profile, mainstream lenders were not an option. The client also needed a repayment structure they could sustain through the build.
The Solution
Settled Funding Group placed the deal with a Tier 3 non-bank private lender, securing $2.5 million at 65% of GRV on a capitalised interest structure. The client made no repayments during construction. Once the townhouses were completed and tenanted, we refinanced the client into a low doc loan at more competitive terms. This was the intended exit from day one.
Loan at a Glance
| Detail | Info |
|---|---|
| Loan Type | Non-bank Tier 3 private lender |
| Loan Amount | $2.5M |
| LVR | 65% of GRV |
| Structure | Capitalised interest |
| Exit Strategy | Refinanced to low doc on completion |
| Inquiry to Settlement | 2 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.
