Case Study 1

An existing property developer client owned land, which was DA and CC approved for the construction of 32 x townhouses. The developer also owned a number of other projects to which they were committed to financially. As such, the developer's equity was limited and they required an injection of capital to commence construction.

The property developer approached Checkpoint who, despite the limited equity, was able to assist in arranging both Senior Debt and Mezzanine Finance facilities, as follows:

Loan Purpose	Finance Land + Construction of 32 x Townhouses
Senior Debt Facility	$12,418,000
Mezzanine Facility	$1,500,000
Total Facility	$13,918,000
LVR	90% of Total Development Costs
Loan Term	15 Months
Facility Type	Construction Facility