Fincierge in Tewantin, Queensland | Financial service

Fincierge

Locality: Tewantin, Queensland

Phone: +61 7 5470 2774

Address: 20/113 Poinciana Ave 4565 Tewantin, QLD, Australia

Website: http://www.fincierge.com.au

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24.01.2022 $45M in settlements!! Its been a huge week for Fincierge, finishing the year off in style, with our largest month by deal volume, we were kept busy with a 9 loans funded in a week!! Enjoy the Christmas break and we look forward to assisting more developers with their project financing requirements. #developmentfinance #constructionfinance... Paul Bell Fiona Millington Chris Wright See more

21.01.2022 Bulimba splitter block extraordinaire! The original stretch senior construction loan was arranged at 75.3% LVR however, the Valuation came back short leaving a funding gap. Fincierge was able to work with the lender to provide a solution, pushing the LVR to 80% (of GRV) with a slight trade off, of 0.5%p.a higher interest rate. Provision was also made to reduce the interest rate and LVR upon sale of the vacant land lot. A fantastic result in a tight COVID lending environment, testament to our strong relationships with both Lenders and Borrowers. #splitter #developmentfinance

16.01.2022 Wanted.... Our next superstar team member!! Please like share or tag

15.01.2022 Loan Repaid! Another loan repaid in full, maintaining our 100% record. IRR of 15.5% net to our lenders. Lenders’ funds are being redeployed 10 days later into a new loan also arranged by Fincierge. Second mortgage loan amount: $620,000... LVR: 63% Loan term: 12 months (repaid after 7 months) A great result for both the borrower and the lenders! Contact Fincierge today. [email protected] [email protected] #developmentfinance See more

14.01.2022 Small subdivision projects in rural sunshine coast region may not always get the attention from lenders that they deserve, but Fincierge provided the high-quality brokering service required to ensure completion on schedule in a highly accelerated timetable, following delays in DA approval. A strong team effort allowed a conditional approval offer letter to be fully documented and settled one week later with all parties satisfied.

09.01.2022 Settled!! Fincierge successfully closed a loan to refinance an existing facility and extend the gearing levels to allow equity to be applied towards development application costs. Get in touch with Fincierge if you have a future development site and an expiring loan!! #developmentfinance #property #Finance

07.01.2022 $10M Residual Stock Loan Settled! Fincierge is proud to have assisted in the refinance of the balance of a construction loan facility to enable the developer to sell down the remaining stock in an orderly fashion. A market leading interest rate of 7.5% was obtained on a 56% LVR! Get in touch with the Fincierge team to find out how we can help you. #developmentfinance

06.01.2022 Interest Rate Slashed! Loan Increased to Provide Developer Cash-Out! Does your lender reduce the interest rate on your construction loan as the project risk decreases? Or, when you hit your targets, does your lender advance additional funds for you to use on your next project? Recently, we did both! One of our clients ‘shot the lights out’ by obtaining very strong sales after construction commenced. The senior and junior lenders had taken a punt on the project initially, with... no presales. But strong sales during construction, at prices significantly higher than the original feasibility, allowed us to review the risk profile of our second mortgage loan. As a reward to the developer we not only lowered the interest rate by 5% per annum, we also advanced further funds to the developer as a cash-out, helping them to pursue their next project. The total interest cost to the developer will now be less than originally budgeted, despite substantially more funds being made available. We price our second mortgages based on risk, does your existing lender do the same thing? #developmentfinance See more

05.01.2022 November was another big month for the Fincierge team, capped off in style with our annual Christmas party. Sixty clients, lenders, investors, referral partners and consultants attended the event at Noosa Waterfront restaurant and celebrated the culmination of a very strange year. Thanks to everyone who made the huge effort to attend! Despite a tough Covid environment, Fincierge is on track to exceed our calendar year target and we are well positioned to capitalise on a strong start to 2021.