Construction Facility Update

Axius Partners recently assisted a Sydney based property developer refinance a construction facility for a nearly complete project located at Liverpool, in South West Sydney. The project comprises 298 apartments and 994sqm of retail space constructed in 2 towers, over a common podium containing a carpark for 447 cars. Whilst current real estate credit conditions remain challenging for property developers, Axius Partners was able to secure senior debt finance for the sponsor and assist in a reduction in the cost of funding, on favourable terms, to facilitate completion of the project and the sell-down of the pre-sold apartment stock. The facility also allows for a medium term residual stock facility to monetise the remaining unsold stock and enable the developer to market same in an orderly fashion to maximise the project return. Axius Partners welcomes the opportunity to help secure funding for property transactions (both development and investment). Please contact William Giovas on 0431 058 181 / wgiovas@axiuspartners.com