Construction Facility Update - Campsie

Axius Partners recently assisted a Sydney based property developer secure and structure senior debt finance for a mixed use development project at Campsie comprising 110 residential apartments and ground floor retail space. The transaction was undertaken with nominal apartment pre-sales, incorporating both construction finance and a term-out investment finance facility that commences on the project achieving practical completion of construction.As the current real estate credit conditions continue to deteriorate for property developers, Axius Partners was able to secure finance for the sponsor and assist the structuring of the transaction on favourable terms and conditions to help facilitate the successful delivery of the project, in addition to financing a medium to long-term hold for the completed retained apartments on a build-to-rent basis. Please contact either:Adam Cotterell +61 401 719 720 acotterell@axiuspartners.comWilliam Giovas +61 431 058 181 wgiovas@axiuspartners.com