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Business & Commercial Funding Scenarios

Development site purchase with no financials

THE SCENARIO:

Purchase of commercial/retail property with development potential.
Capital city location.
Client could not provide financials.

OUR SOLUTION:

$3,575,000 loan.
10% pa.
65% LVR.
Servicing verified via Accountants Letter
What We Do

If the banks aren’t revelling in your entrepreneurial spirit, don’t let them rain on your parade. Let us help!

Who We Are

We’re inspired, we’re driven and we have a solution to every funding need. Learn more about IBN Direct.

Urgent funding needed – 7 days until settlement

THE SCENARIO:

Development block in prime location
Urgent funding needed – 7 days until settlement
Financials not available
Funds only needed for 2 months whilst overseas partner transferred funds for construction

OUR SOLUTION:

Short term land bank transaction
$3.1 million loan at 50% LVR provided
15% p.a. for 2 months only
Settled with time to spare

Don’t be afraid to chase your dreams; let us find the solution to fund your project so you can make your mark!

  • We had just over a week to come up with some funds... and they did! The solution was in place and ready to settle a few days later.

    Jason A. - Broker

  • They are truly a team of hardworking, honest and ethical individuals that have a passion for what they do.

    Steve Barnfather - Foundation Capital

  • Provided a fantastic service and I would recommend them to anyone.

    Rod Garland - Financial Counsellor

  • Thank you for a great start to my day, breakfast with John Anderson, WOW!!! Every person in that room left in awe and touched by a Man driven by an idea. I see things differently now.

    Andrew - AJM Music

  • Nothing is too much trouble for the team and the services that they offer to both the client and the funder are second to none.

    Funder

  • I would have no hesitation is recommending them for future transactions that are difficult to place for your customers.

    Glen Barnes - Broker

  • Thank you for a great start to my day, breakfast with John Anderson, WOW!!! Every person in that room left in awe and touched by a Man driven by an idea.

    Andrew - AJM Music

  • They is our introducer of choice and I would encourage brokers to join their network

    Private Funder

  • I would like to thank you personally for your professional advice and direction. The lender also appears an excellent company to deal with. Your expertise was brilliant !!

    Brian - Sunshine Coast

Minimal Pre-sales required

THE SCENARIO:

44 lot rural residential land subdivision Sunshine Coast
Pre-sales were very low
Full Financials not available
SPV company

OUR SOLUTION:

$7,000,000 loan amount
Settled at 65% LVR – 1st mortgage
Additional 5% on a 2nd mortgage
12% pa
Full Financials were not required
Minimal Pre-sales required
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Full Financials not available

THE SCENARIO:

16 units Brisbane Bayside
Pre-sales not available
Full Financials not available
New company

OUR SOLUTION:

$4,600,000 loan amount
Settled at 65% of GRV, including 100% of construction costs plus interest and fees.
12% pa
Full Financials were not required
Pre-sales were NOT required

How did we fund a $19.5 million development when the banks said ‘no’?

THE SCENARIO:

Funding sought for mid-scale land subdivision in Sydney – 86 lots.
55% LVR.
Some pre-sales available.
Had been in negotiations with major bank for many months.
The developer had negotiated house and land packages with a high profile builder. However, the mainstream lender was not able to assist as they had issues with release of the subdivision certificate prior to completion of dwellings.

OUR SOLUTION:

IBN Direct obtained conditional approval in a matter of days.
The private lender was able to successfully structure the deal to mitigate early release of subdivision certificate.
A loan of $19,500,000 was provided @ 12.75% p.a.
Very happy client and referrer as it was an extremely smooth process.

100% of the land purchase price required

THE SCENARIO:

Funding sought for 13 unit development in Brisbane.
The developer had contracted to purchase a development site and required 100% of the land purchase price.
No pre-sales.

OUR SOLUTION:

IBN Direct obtained conditional approval in a matter of days for funding from 2 separate private lenders to purchase the land and to fund construction.
Client offered a second development block as collateral security
The private lenders were able to successfully structure the deal which involved the land funder leaving funds in on a mezzanine basis.
A loan of $1,100,000 was provided for the land purchase and a loan of $4,127,000 for construction.
100% of construction costs, including capitalised interest & fees, were covered.
Very happy client and referrer as it was an extremely smooth process.

Credit issues and caveats on the property

THE SCENARIO:

Funding sought for 48 apartments in Melbourne.
80% LVR.
Credit issues and caveats on property.
The developer had already completed other apartment buildings in master planned residential project. However, existing mainstream lender no longer wanted to fund projects and client had credit issues.

OUR SOLUTION:

IBN Direct obtained conditional approval through private lender channel
The private lender was able to successfully structure the deal to provide a loan facility of circa 80% on GRV
A loan of $11,300,000 was provided @ 14.00% pa
Very happy client

Pre-sales not required

THE SCENARIO:

Client had commenced a 36 unit development with own funds, fully expecting existing lender to supply any shortfall of funds required.
Existing lender refused to assist due to lack of pre-sales and incomplete financials.
Client also owned a fully completed & leased inner-city residential development.

OUR SOLUTION:

<strong>$6,000,000 loan sourced:</strong>
Low 6% rate for completed development.
Rental income as servicing.
Full refinance plus considerable amount of working capital.
<strong>$7,900,000 construction loan sourced:</strong>
For completion of 36 unit development.
11.25%pa.
69% LVR, based on GRV.
Pre-sales & financials not required for servicing.

First-time Developer

THE SCENARIO:

First time developer.
10 units.
No pre sales.
Financials not up-to-date.
Lack of experience hindered application.

OUR SOLUTION:

Construction funding sourced for $2,700,000 at 11.25% pa.
70% LVR based on GRV.
Very happy client commenced construction without the need for employing marketing agents.
Tax returns not required.
Pre-sales not required.

Financials not available

THE SCENARIO:

Experienced developer.
Several large tracts of future development land.
Zoned as part of a master planned community.
Client required urgent refinance due to lender pressure.
No financials available.
Client required cash out for working capital.

OUR SOLUTION:

$4,300,000 loan provided.
10.4% pa.
55% LVR.
2 year term.
$800,000 in working capital provided allowing client to continue with another development.

Landbank

THE SCENARIO:

Completed land subdivision.
Client planned to construct residential houses.
Client required cash out to commence a secondary development.
Financials not available.
Property unencumbered.

OUR SOLUTION:

$2,750,000 loan provided.
60% LVR.
Loan included 12 months capitalised interest.
10.4% pa.
1% application fee.
Financials not required.

Why Choose IBN?

At IBN, we work closely with our panel of Funders, to move quickly on your loan application. We understand that ‘time is money’ and we make the loan process as seamless as possible. Our experienced staff assist you every step of the way with frequent communication on the loan progress.

We present options that others didn’t know existed

We search for solutions and enjoy the challenge of complex loans

We understand the complexities and requirements for a commercial loan application.

We explain our cost-structure from the outset so that you know what to expect.

Hear From Our Clients

  • Thanks for the invite to a yet another great event. Glenn Cooper provided some wonderful insights into the history, structure and challenges of Coopers Brewery since its humble beginnings 150 years ago. Thanks again and to Scott Roberts for hosting us at breakfast.

    Rick Hipwood - CTB Group

  • As a guest at their recent Allan Pease speaking event, I was genuinely amazed at the global experience Allan shared with the room. Thank you to Scott and Fiona Roberts (and the whole team) for the passion you share with the Sunshine Coast business community. Brilliant work!

    Bill Darby - Rumba Beach Resort

  • I have utilised Scott’s services on a number of occasions, to assist with complex or unusual finance applications where I was not able to assist my clients. Scott was able to assist me on each occasion, and made the process simple and allowed me to keep my clients happy with their needs met as required. I have no hesitation in recommending Scott.

    Terry Hill - Broker

  • Thank you for inviting me to your latest evening to inspire with Sarina Russo. It was a fabulous night of positivity with inspiration, networking over great food and company. I received so much from it personally to take away and implement into my business and every day way of life. I can’t wait for the next event!

    Joey Mogg

  • The team always go that one step further to achieve an outcome. If at all possible, they achieve results for their clients. Communication channels are an extremely important part of this business, and they have an excellent system. Dealing with them is professional, at the same time keeping the personal touch as its focus.

    Private Funder

  • I found Allan Pease to be a highly entertaining and amusing speaker and one who gives an insight into peoples feelings and attitudes being expressed by their facial and body actions. I am looking forward to more excellent speakers in 2016.

    Roy Henzell - Henzells Agency

  • Loved the Event! Inspiring, uplifting ...a whole room jammed full of positive! Thanks so much for the invite, stayed in a positive mindset for the whole week! Perfect for team building and personal empowerment. Have been privileged to see 3 amazing speakers and each has lifted the soul to greater heights. Many, many thanks.

    Marlene Murray - Maleny Manor

  • Thanks so much to Fiona and the team for the invitation to the Sarina Russo Think Speakers event. It was great to be surrounded by so many wonderful local business people and hear the highs and lows of Sarina's journey.

    Belinda Forman - Traffika

  • Today, I was invited by Scott Roberts to breakfast with Glenn Copper from Coopers Brewing. I thought I was going to learn about my favourite wind down.. Beer. But, I was inspired by a Family owned business who cares about their brand and family values. Thanks Scott & Fiona.

    Tim Gall - Pelican Waters Golf Club

  • The speakers were excellent and engaging, guided by a charismatic and knowledgeable MC. A unique opportunity to get up close and personal with such sporting legends. Thank you.

    Mark Papallo - Simpson Quinn Lawyers

  • It is really wonderful that your team are getting behind ‘Think Speakers and Events’ and ‘Profile’ magazine. Lisa Wilkinson was an excellent speaker and it was a great privilege to have dinner with her. Thank you for the opportunity.

    Nicole Bochow - Poole Group Accountants & Investment Advisers

  • Great day thanks Scott, I always meet other like minded professionals to build referral relationships with and the entertainment, food & company tops it off for an awesome event. Thanks so much for the invite up and for continually running these gottogoto events!

    Darren Fidoe - Fundamental Business Finance

  • Thank you to Fiona for inviting me to the event on Wednesday night to listen to Sarina Russo, not only was the talk interesting but the people I met were great company and I learnt much.

    Cyndi O'Meara - Changing Habits

  • Many thanks to Scott and the team for the invitation to see Glenn Cooper speak at the breakfast event recently. He was a great story teller and gave me plenty to think about – very inspirational as well.

    Steve Hartley - MAICD - Bluemount Capital

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