DFP wins pre-DA deals for developersWednesday June 24 2015 at 09:46 AM
A major challenge for property developers is leveraging their equity effectively and being able to cut through red tape to secure flexible finance fast. Which is where expertise in development finance comes in handy.
When a client of Daniel Hausman, managing partner of Aventis Group, wanted funding to secure a $1.82-million site in Lawson, ACT, for a proposed 16-unit development, he put a call through to Baxter Gamble of Development Finance Partners (DFP).
“The land had the relevant zonings but a DA had yet to be lodged,” Hausman recalls. “My brief, on behalf of the developer, was to organise a land bank facility for the raw land and a high LVR. I called DFP because I knew they had the contacts and expertise to do it.”View More