Development · LandX / development
Inner West development finance, three townhouses
$5.4m TDC, 68% LVC · Sydney, NSW
Quick answer
Experienced developer with a DA-approved site for three townhouses in an inner-west Sydney suburb. Bank credit committee 4 months out; site needed to settle inside 6 weeks to hold the contract. Pre-sales on two of the three units.
Representative deal shape · Not a specific transaction · For information only
Structure
- Land settlement loan + construction tranche, drawn QS-monitored
- 68% LVC against TDC; 62% LVR against pre-sale-supported GRV
- Capitalised interest through construction; serviced once first unit settled
- Residual stock roll-over option for the unsold third unit
Outcome
Land settlement landed inside 4 weeks. Construction completed on schedule. Pre-sales settled at completion; residual unit rolled to a 12-month residual stock facility while marketed.
Why this shape clears
Files like this clear because the exit is documented, the security supports the position, and the timing fits a private credit file rather than a bank file. Speed is the tradeoff against rate, and on short-dated files the speed call usually wins. See the LandX / development product page for full envelope.
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