Distressed Property Finance to keep things moving
Challis Capital Partners provides innovative and responsive funding solutions for property professionals who find themselves in difficult situations.
Identifying the problems and counteracting
When a property developer runs short of funds to complete a project it can be for many wide and varied reasons. Funding becomes critical at this point to keep it on track and not lose many millions of dollars.
Our highly experienced Property Finance team is well versed in Distressed Property Finance and can make a difference in keeping the project alive. Turning major challenges into even greater successes.
Some examples of areas that we can help:
- Incomplete property developments
- Replace funding lines
- Provide additional sources of funding
Analysis. Planning. Execution.
Challenges are nothing new in property development. Great rewards come with risk. Our team understands that completely and has the expertise and proven knowledge to understand every aspect of recovery.
Our direct access to capital partners combined with expertise in finance, legal and project management mean we can take care of both planning and its execution.
Creating the right structure together
In collaboration with the property developer, our Property Finance team carefully evaluates and analyses the project. Essential blockages are identified and solutions are formulated.
Once these are clear, our team re-looks at the entire financing structure using the range of financial instruments available to us.
Where to start?
The important thing is that it happens quickly. Our team is highly responsive and builds critical timelines into the solution.
Contact us to discuss your specific Distressed Property Finance requirements in confidence.
Corporate Finance Solutions for Property Professionals
A Challis Corporate Finance Solution is a corporate level, unsecured facility which is non-conflicting with existing property level facilities such as senior bank loans or mezzanine debt facilities.The unsecured line is specifically designed to fuel growth.
As a property developer / real estate professional, you can typically find your capital constrained as your equity is locked in existing projects. This can slow down, or even halt growth.
Keep moving forward
Challis Capital Partners offers Corporate Finance Solutions that can work to unlock trapped equity and future cash flows which can be monetized and drawn down in total or in tranches to fuel growth strategies.
If your current funding structures are hamstringing progress in your organization, this unsecured line can allow funding of growth-orientated acquisitions.
Typical Borrower Profile:
- Property Developers (both local and offshore) with multiple current projects with a significant pipeline
- Real Estate Investment Trusts (REIT’s)
- Real Estate related operating companies such as management companies and fund managers
- Multiple projects, assets, income-producing properties, and cash flows
Key Points:
- Unsecured (no property-level mortgage security)
- Growth Capital for expansion
- Minimum Facility $30M
- Term can be up to 5 years
Structured to work for you
The facility amount is not dependent on the value of the project securities, so there is no traditional Loan to Value Ratio constraints and no requirement of a mortgage on the project.
It can be used for land settlement, development, refinancing, or as a substitute for equity/mezzanine finance or for any general corporate growth or expansion purposes.
The beauty of this is that it leaves the way clear for existing / future senior debt providers.
Untapping future cash flows
The facility can be repaid from the potential unlocking of equity/cash flows from existing and future projects. These can be from assets located anywhere in Australia and offshore, especially in Asia, Europe, and the US.
The future cash flows can be used to secure the corporate facility and will be used to assess the creditworthiness of the borrowing entity.
Where to start
Talking to our highly experienced Corporate Finance team will help you to understand how we can make things possible.
Contact us to discuss your specific needs in confidence.
No comments:
Post a Comment