David Tomek’s Post

Development Monitoring: Ensuring expectations are met 🔍 A crucial service for funders, owners and potential occupiers of property, Development Monitoring has grown significantly in recent years as lending restrictions have tightened, reflecting increased caution in the market. Need expert advice? Reach out to Tom Hargreaves BSc (Hons) MRICS IMaPS for a straightforward conversation. #developmentmonitoring #funds #property #occupiers

Done Deal✅ We recently completed a £1.1 million re-bridge on a stunning, Grade II Listed Public House in Cheshire. The building consists of a commercial unit to the lower floor with 6 beautifully refurbished letting rooms to the upper floors - generating over £150,000 of annual income! The borrower, who developed the site, is now considering stabilising the asset for long-term hold or potential sale. With interest rates gradually improving, a 12-month loan offers flexibility and options. To make the process smoother for the developer, we managed to find a lender that would work with the surveyor that had acted for a previous lender on the same asset to reduce valuation risk and create more certainty. As a result, we successfully secured the loan in just 4 weeks!🙌 #BridgingFinance #CommercialProperty #PropertyFinance #RealEstateFinance #InvestmentProperty #PropertyDevelopment

MEDIA | PRIVATE CREDIT A KEY DRIVER OF HOUSING SUPPLY We are delighted to have our inaugural Centuria Bass Australian Property Development and Finance Index 2024 findings featured in The Australian Financial Review today. Our survey of 67 developers, investors, fund managers and brokers found 72 per cent of respondents were now sourcing loans from non-bank lenders. Commenting on the trends, Centuria Bass Joint CEO, Nick Goh, said “Private lending is becoming a critical piece in enabling greater supply of residential housing construction. Six months ago we saw stalled projects that were not stacking up. Over the last three to four months there has been a significant pick-up in loan applications. This has married to the growth in the supply of private credit.” Read the full article here: https://lnkd.in/g7PAaVC8 www.centuriabass.com.au Nick Goh, Giles Borten, Charlie Robertson, Lachlan Tracey, Andrew Vamvakaris, Johnny Woodhouse, Luke Hill, Peter Lin, Andrew Thomas, Sarah-Jane Brown, George Seabrook, Samuel Farrell, Kellie Painter

JUST SETTLED 🏡 5-lot Residential Subdivision 📍 Victoria's Mornington Peninsula Deal Overview: Valuation: $4,019,182 Loan Facility: $3,015,000 Lender: Non-Bank LVR: 75% Term: 15 Months Facility Type: Senior Debt Construction Facility This settlement marks the end of a dynamic and challenging journey. The deal terrain required navigating some unexpected twists, including: -A major oversight by a bank assessor at the eleventh hour (when we were expecting a settlement date!), which led us to pivot to a private funder. Thankfully, their terms were competitive, and they were excellent to work with. - A significantly low valuation that narrowed our funding options to lenders willing to stretch a bit further—though, as many in the industry know, this often comes with added costs, something we managed to avoid due to my relationship with the funder. Low valuations have become a recurring challenge, particularly in Victoria, as valuers play it safe in uncertain times. This cautious approach often kills projects. Despite these hurdles, this deal came together thanks to a client who remained calm, trusted my guidance, and avoided assigning blame. Their patience and alignment with me, even when faced with multiple curveballs, made all the difference. A big thank you to everyone involved—another great result! Are you looking to finance a property development project or need funding with an higher LVR? Let’s chat. Reach out to me at 📞 0438 358 226 or 📧 michal@mworks.com.au. #JustSettled #PropertyDevelopment #ConstructionFinance #FirstTimeDevelopers #SeniorDebt #FundingSuccess #RealEstate #PropertyInvestment #DevelopmentFunding #ClientSuccess #MortgageBroker #DreamProject #FinanceYourFuture #MWorks

Investor activity has been on the rise across Australia’s housing market, with the value of lending to this sector increasing by more than double the rate of owner occupier lending over the past year (up 34.2% compared with a 16.8% rise in the value of lending for owner occupiers). Further support for the rentvesting model 🚀🏠

Private Credit is “providing a missing piece” in housing supply says Centuria Bass Credit Centuria Bass Credit Australian Property Development and Finance Index 2024 findings. New research from Australian real estate funding solutions provider, Centuria Bass Credit (CBC or ‘Centuria Bass’), reveals developers are taking on higher levels of debt to fund projects, many of which have been delayed due to challenging market conditions. According to the inaugural Centuria Bass Australian Property Development and Finance Index 2024, which surveyed 67 developers, investors, fund managers and brokers, middle market loan sizes are increasing with the average loan now sitting between $10 million and $20 million. Nick Goh, Centuria Bass Joint CEO, says internal data confirms the finding with the average Centuria Bass loan size more than tripling from $8.35 million in 2019 to $30.7 million in 2024, with the vast majority in residential housing projects. Read more on The Real Estate Conversation https://lnkd.in/gfkiJCDE Centuria Bass Credit Nick Goh The Real Estate Conversation COMMO The ASEAN Developer Giles Borten Yehuda Gottlieb Charlie Robertson Lachlan Tracey Simon Blakers Kellie Painter Andrew Vamvakaris Luke Hill Andrew Thomas Samuel Farrell George Seabrook Peter Phung Jason Huljich #centuriabasscredit #nickgoh #developmentnews #australianrealestate #privatecredit #realestatefinance #mortgagebroker #CBC #centuria #realestatenews #realestateagent #credit

Our property developer borrowers achieved £200,000,000+ GDV last year collectively. We did business with around 600 developers funding projects with a combined end value of £275 million. Those figures include smaller conversions with a GDV of £300,000, the development of large apartment units worth north of £4,000,000, and everything in between. I observed several things that ensured those developers succeeded. 1. Top-class communication and relationship building. Relationships with key stakeholders minimised any risk of project delays, quality issues, regulatory challenges, and reputational damage. 2. They secured financing as early as possible, allowing them to act on market opportunities quickly and with favourable terms. 3. A best-in-class team with bags of experience by their side. Those who have been there and done it many times are crucial to the success of any development. 4. They allowed enough contingency funds and working capital to deal with unforeseen circumstances. The majority of developments will cost more than initially expected, budgeting for that is critical. 5. Risk mitigation strategies were established early, thorough due diligence on the sites was conducted, and insurance to protect against construction-related risks was obtained. 6. They understood the market their property would enter. This allowed them to not over-spec in areas with affordable property (and vice versa) and achieve the best returns on their investment. I hope you can take something from this list that will be helpful for your projects in 2025. If you’re a property developer and require funding for your projects throughout the year, contact me or Roma Finance to discuss this further. #PropertyDeveloper #PropertyDevelopment #LoveToLend #BorrowerFirst

Investor activity in the Australian property market is booming, with a 19% increase in new investor loans over the past year! Queensland is now the second-largest market, overtaking Victoria by holding 23.4% of investor loans. 🚀 Here are some highlights: 🔹 Queensland recorded 4,593 investor loans in September alone, making it a prime spot for investment opportunities. 🔹 Western Australia is leading in loan growth, up a massive 43%. 🔹 Northern Territory saw a 50% rise in investor loans, with Darwin offering high rental yields that are attracting more investors. Loan sizes are also growing, with the average new loan now reaching $642,121 (a 7.2% increase). Experts predict that rate cuts in 2025 could further fuel buyer activity in NSW, VIC, and QLD, while markets like WA and SA may start to stabilize. 🌏 Whether you’re a first-time investor or expanding your portfolio, there’s no better time to explore your options. Contact SC Brokers to see how we can help you make the most of this dynamic market! 🏠 Source: Broker Daily, Money ☎️ 07 3147 8730 ✅ Make A Smarter Choice! 🌐 www.scbrokers.com.au #SCBrokers #PropertyInvestment #QLDRealEstate #MarketInsights #Australiaproperty #scbrokers #finance #BrisbaneFinance #brisbanefinance #homeloan #brisbane #loan #brisbanefinancebroker #brisbanepropertymarket #financebroker #finance #homeloans #BrisbaneFinance #firsthomebuyer #homeloan #loan #scbrokers #brisbanefinance

COMMERCIAL CONSTRUCTION CAPITAL   One of our lenders is actively financing commercial construction.   They like Hotels and will consider most types of CRE.   They are a non-bank lender; no checking account/compensating balance requirement. (bankers - refer a client’s loan request to me and keep their deposits at your bank)   For land owned/permit ready projects and for A, D, & C projects: LTC 85% hard costs, 80% land, 0% soft costs Prime+0% to P+1% rate range, 1pt lender fee I/O payments, 2yrs with two 6mth extension options   Will lend on raw land, to experienced developers, at 30-40% LTC/LTV.   tim@creedpartners.org 321-663-0674 #bank #banker #creditunion #banks #development #developmentloan #developmentfinance #developmentfinancing #construction #constructionloan #constructionfinance #constructioncapital #hotel #capitalstack #commercialconstruction #lenders #lender #hotels #commercialcapital #hospitality #permitready #ADC #land #developer #commercialdevelopment #developments #build #construct #growthcapital #CRE #commercialrealestate

Finance advice wanted? I have a mixed use property that I’m refinancing which has just been refused by a lender due to the split being 60% Commerical and 40% Residential 🤯. Do any of my connections know of any banks that will lend on an asset like this that doesn’t take an eternity to get complete? #Investor #Investment #Property #Yorkshireproperty #LandlordLife #Landlord #Servicedaccommodation #PropertyInvestor #PropertyDevelopment #Property #PropertyRefurbishment #PropertyManagement #PropertyMarket #PropertyStyling #houseshare #colivingspaces #colivinguk #hmo #hmoproperty #propertyinvestment #propertymanagement #propertyinvestor #MUFB #btl #buytoletproperty #buytolet #investing #btl #investments