Property Development

Developers Look to Non-bank Lenders in Changing Market

Written by The ReReport
As seen in the Source link, written by theurbandeveloper.com on 2019-02-19 15:12:46

The strong owner-occupier market has meant that even through turbulent times in the property market, there has still been opportunity for targeted development, and projects with superior quality fit out and finishes.

“We have been seeing valuers scrutinise construction contracts more so now than ever and have certainly been tailoring our appetite to reflect this,” Davoren says.

“As a boutique lender this is something that we are happy to bring to the attention of our borrowers; working with them to deliver projects that are going to have successful and attractive offerings to the market”.

Non-bank lenders have been operating successfully here in Australia for many years and are happy to work on a more personalised level with developers to see the completion of projects. Assured Management Limited has been operating since the inception of the Managed Investments Act 1998.

“Assured Management Limited approaches the lending process with flexibility and our ability to work directly on a personalised level with developers is what sets us apart from competitors and major banks.

“Unlike traditional financial institutions we have a dynamic and commercial mindset with the capacity to problem solve and work closely with our developers to reach the shared objective; to finish projects in a timely and cost-effective manner”.

Backed by directors with 60 years’ combined industry experience and an Australian Financial Services Licence (AFSL), Assured Management Limited is looking for projects in South East Queensland and Northern New South Wales: funding land subdivisions, housing estates, townhouse developments and unit blocks.