Construction Facility Update - Pyrmont

Axius Partners recently assisted a Sydney based property developer obtain residential development finance for a 14 townhouse luxury residential project in Pyrmont. Each townhouse will comprise floor areas of between 325 to 410 sqm with the interior design customised for each buyer.Whilst current real estate credit conditions remain challenging for property developers, Axius Partners was able to secure senior debt finance for the sponsor and assist in the structuring of the transaction, on favourable terms, to accommodate the requirements of the sponsor and debt provider.On this basis the transaction was structured with <100% pre-sale debt cover to enable the developer to market the remaining unsold townhouses and maximise the project return.Axius Partners welcomes the opportunity to help secure funding for property transactions (both development and investment). Please contact either:Adam Cotterell +61 401 719 720 acotterell@axiuspartners.comWilliam Giovas +61 431 058 181 wgiovas@axiuspartners.com