An experienced developer came to STAC Capital to secure funding for the acquisition of an unapproved site in Burpengary, earmarked for a future 88-townhouse project. While the project has strong fundamentals, the early-stage nature of the site meant a bank solution would require negotiating and structuring a facility that provided them comfort given DA was still pending.
We arranged a $2.45M senior facility at 50% LVR through a major bank, with pricing of 5.69% p.a. (BBSY 3.69% p.a.). To secure funding with the Bank, STAC negotiated a position that would de-risk the facility for the Bank, whilst also tailoring a structure that client was happy with in order to activate the cheaper funding costs. Client placed $190K in a security term deposit to provide comfort from a servicing position.
With surplus liquidity and a strong track record, the client was able to secure traditional funding early, putting them in control of the development timeline and approval process whilst achieving cheaper funding costs.
At STAC Capital, we understand how to structure early-stage finance to set a project up for what comes next.
Property
Mark Evans
09/11/2025
