Construction & Development Finance

An inexperienced developer, undertaking a residential duplex project in Cronulla for the first time, faced a significant challenge when their existing private lender withdrew funding to reallocate capital elsewhere. This unexpected change put the project’s completion at risk and threatened substantial financial loss. The client urgently required a new funding partner who could provide both the necessary capital and the confidence to see the project through to successful completion.

A developer and aged-care operator required specialised funding to complete further expansion of the aged-care facility in South West Sydney after their Tier 1 bank refused to fund the additional stages. Stage 1 had faced significant challenges, including an arson incident causing construction delays, and the client’s limited tenancy mix impacted profitability. Lenders were hesitant due to the complex nature of the asset, niche sector risks, and potential red flags such as prior project delays, tenant mix, and management concerns. Chifley stepped in to guide the client through these challenges and the specialised requirements of aged-care lending.

A property developer required a construction facility to fund a 45-apartment residential building in Sydney, intending to retain the completed building as a long-term investment. The client sought a Tier 1 bank facility to access lower interest rates and a longer-term structure, while maintaining the flexibility needed for staged project drawdowns throughout the construction period.