Development funding more often than not comprises different capital sources with distinct risk-return profiles and attributes. 

First mortgage construction facilities, often referred to as “senior” debt, is the primary funding source for a development project and typically makes up the majority of the required capital. 

So, how are traditional banks and non-bank lenders assessing if your project is suitable for a first mortgage construction facility?

The Urban Developer presents Debt Models for Residential Development—a virtual case study-led workshop exploring both traditional bank and non-bank development funding. 

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Course Outline

1. Traditional bank perspective and appetite

ANZ senior relationship manager, Rodney Norris, will present the traditional bank appetite and requirements to securing first mortgage construction facility for residential projects.

Through real life project examples, Rodney will outline the criteria and process in which they assessed the following:

• debt ratios
• interest rates
• fees and charges
• presale requirements
• guarantees
• terms and conditions

2. Non-bank perspective and appetite

Dan Gallen is chief investment officer for Sydney-based, Pallas Capital. Dan will present the non-bank lending landscape and alternative funding options to securing first mortgage construction facility for residential projects.

Through real life project examples, Dan will outline the criteria and process in which they assessed the following:

• debt ratios
• interest rates
• fees and charges
• presale requirements
• guarantees
• terms and conditions

The presentations will be followed by an interactive Q&A moderated by Adam Di Marco, founder and CEO of The Urban Developer.