Property · SA
A$7M-9M land banking finance arranged, settled in 2 weeks
Overview
Land banking means buying land and holding it for future development or sale. This was a regional land banking project funded by private credit at a 58% LVR. Because of the timeframe, the lender relied on older valuations, and the deal settled in two weeks from application.
The problem
Timing meant the deal had to rely on older valuations rather than fresh ones.
What Finstead arranged
Arranged private credit finance at a 58% LVR for a regional land banking project, settled in two weeks.
Deal at a glance
- Industry
- Property
- Location
- SA
- Facility
- Land banking finance
- Amount band
- A$7M-9M
- Time to settle
- 2 weeks (application to settlement)
Related finance
An anonymised example of a settled deal. Amounts are shown as a band and details are summarised so no client can be identified. Past results do not guarantee future outcomes. Finstead arranges finance and does not lend.