CASE STUDIES

A few recent Quay Capital deals

Borrower

Business Owner and Property Developer

Security Type

First ranking mortgage plus caveat

Security Property

Residential Development Land

Security Location

Tarneit, VIC 3029

Loan Amount

$2,255,000

Term

12 months

Year

2019

LVR

55%

Scenario

Borrower required cash to fund preliminary costs relating to another development as well as to repay ATO debts and land tax. Security was provided by way of a first ranking mortgage over 4ha of residential development land and a caveat over a secondary property subject to an unconditional sale. Settlement occurred within 10 days from initial contact.

Borrower

Property Investor

Security Type

First and second ranking mortgages

Security Property

Newly built semi-detached

Security Location

Five Docks, NSW 2046

Loan Amount

$4,500,000

Term

6 months

Year

2021

LVR

72.5%

(100% of Purchase Price)

Scenario

Borrower had purchased off-plan in July 2020 and required funds to complete. Due to withdrawal of funding from another lender the Borrower had only one week to settle. First and second mortgages were provided to fund 100% of purchase price supported by an uplift in value since contract date.

Refinance

Facilitated a commercial bank refinancing by rolling over an upsized second mortgage with additional security provided by a property in Perth.

Borrower

JV of two Builders & Property Developers

Security Type

Complex multi-asset security

Security Property

Residential land, partially renovated house

and existing unit

Security Location

Wellington, Christchurch and

Queenstown, NZ

Loan Amount

$2,800,000

Term

12 months

Year

2022

LVR

53.5%

(85.5% of Purchase Price)

Scenario

Borrower required funds to complete the acquisition and fund preliminary costs for a development site acquired in a distressed sale, as well as to buy-out the partner in a partially completed development. Stretched senior loan was supported by a complex security package over three properties in multiple locations owned by the Borrowerand a related party.

Case Studies

Business Owner and Property Developer

First ranking mortgage plus caveat

Residential Development Land

Tarneit, VIC 3029

$2,255,000

12 months

2019

55%

Property Investor

First and second ranking mortgages

Newly built semi-detached

Five Docks, NSW 2046

$4,500,000

6 months

2021

72.5%

JV of two Builders & Property Developers

Complex multi-asset security

Residential land, partially renovated house

and existing unit

Wellington, Christchurch and

Queenstown, NZ

$2,800,000

12 months

2022

53.5%

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