Gold Coast

Loan Limit: $2,730,000

LVR: 70%

Security: First Mortgage

Term: 6 months

This loan assisted with the purchase of a beachfront unit on the Gold Coast.

The Borrower had a strong asset position, including multiple property holdings, however their income was derived primarily from investment distributions through trusts and a complex corporate structure.

While financially strong, this made it difficult for the Borrower to obtain finance from a mainstream lender.

With settlement approaching, Pillarview was able to quickly assess the opportunity and provide funding in time to facilitate the purchase.

The loan was subsequently repaid through a refinance with a homeloan from a mainstream bank.

brisbane north

Loan Limit: $2,278,000

LVR: 70%

Security: First Mortgage

Term: 7 months

We pride ourselves on our understanding of the property market, and the credit risks associated with development finance.

We provide tailored solutions on commercial terms to provide credit worthy borrowers funding for their property related purposes.

This was a progressively drawn construction loan to assist with the subdivision of the site from 1 into 5 large format acreage lots.

The exiting house was retained on one lot, with the others sold as vacant land.

The Borrower is an experienced developer with a proven history of successfully completed projects similar in scale and nature to the subject.

Were able to provide a loan at 70% of the as if complete value with nil qualifying presales on account of the Borrower's experience, his financial position, and the market demand for the end product on completion, being located in a sought after area.

The loan was secured by a first mortgage against the development site and was repaid from sales proceeds upon completion.

New South Wales

Loan Limit: $4,350,000

LVR: 50%

Security: First Mortgage

Term: 12 months

The Borrower was a repeat customer of Pillarview, having borrowed from us in the past, and successfully repaid within all arrangements. He is a highly experienced developer whose model is centred on finding strategic land parcels in growth corridors to develop large-scale master-planned communities.

This loan was secured against an unencumbered future development site, and was provided as a fully drawn advance, providing the Borrower with a cash injection to enable him to progress the construction of the next stage of land lots at another of his projects.

That project had sufficient unconditional presales to provide over 100% debt cover on the Pillarview loan.

The loan was repaid from sales proceeds on the completion of that project.

Brisbane North

Loan Limit: $5,145,000

LVR: 63%

Security: First Mortgage

Term: 6 months

PillarView offers exceptional speed to market - our streamlined credit approval process enables us to move quickly in order to meet tight settlement timeframes when needed.
This loan was introduced to us after the Borrower had been let down by another financier, and with a looming settlement date only weeks away.

We were able to review and approve the Borrower's application, raise investor funds, document the loan, satisfy all conditions, and settle within 3 weeks of receiving all information.

The loan was provided to assist with the purchase of a commercial development site in a northern suburb of Brisbane. It is a 6,500m2 parcel, improved with a small warehouse; the rest of the site being hardstand area.

Collateral security was provided by the Borrower group, allowing the 63% LVR loan to almost fully-fund the purchase.

During the loan term, the Borrower lodged a development application for the demolition of the warehouse, and the construction of 32x industrial units on the site.

The loan was then refinanced with a construction loan from another lender.

brisbane South

Loan Limit: $200,000

LVR: 73% of as if complete

Security: Second Mortgage

Term: 2 months

Pillarview offers exceptional speed to market - our streamlined credit approval process enables us to move quickly in order to meet tight settlement timeframes when needed.

The subject loan was provided to meet a shortfall inborrower funds available to settle the refinance of a loan secured against a residential subdivision site in Brisbane's south. Pillarview was also the holder of the first mortgage against the site.

The loan provided a short term solution, and was refinanced once the Borrower had raised the cash from his internal sources.

brisbane inner

Loan Limit: $1,100,000

LVR: 75% of combined value

Security: Second Mortgage

Term: 6 months

The Borrower was an experienced developer who was in the final stages of completing a 20 residential unit project in one of Brisbane's inner ring suburbs.

The Borrower had experienced several delays and cost escalations during the project, which were met from its own cash resources.

This Pillarview loan was secured by a second mortgage against the development site, and a separate residential property owned by the Borrower, and was delivered to provide a further cash injection to assist with cashflow requirements and see his project through to practical completion.

The project itself was 75% sold, providing over 100% debt cover against the combined first and second mortgage facilities.

The loan was repaid from sales proceeds upon the completion of the project.

North Brisbane

Loan Limit: $1,995,000

LVR: 70% of as is value

Security: First Mortgage

Term: 9 months

This loan was provided to assist with the purchase of a 20-townhouse development site, north of Brisbane.

Pillarview is built on relationships, and in this case, the Borrower was a repeat client, having utilised Pillarview loans in the past to assist with their previous development projects.

With a perfect history of repaying loans within arrangements, Pillarview was happy and willing to support this Borrower with his next venture.

The loan was a 70% LVR of the as-is value, and once the Borrower had obtained a DA and other permits, the loan was repaid with a construction loan from a mainstream lender.

gold coast hinterland

Loan Limit: $2,107,000

LVR: 70%

Security: First Mortgage

Term: 9 months

The purpose of this loan was to assist with the purchase of a residential acreage dwelling in the Gold Coast hinterland.

The Borrower is a repeat client of Pillarview. He benefits from a strong financial position, and wouild ordinarily have sought and been able to obtain a conventional homeloan for the purchase from his mainstream bank, however the contract settlement was to occur in a short period of time and over the christmas holiday break and as such, he approached Pillarview to provide the loan, and ensure the settlement date was not missed.

The loan was later refinanced duiing the 9-month loan term, using the Borrower's mainstream lender.

Brisbane inner

Loan Limit: $5,860,000

LVR: 67% of as if complete

Security: First Mortgage

Term: 8 months

The Borrower is a repeat client of PillarView who has proven their development expertise and ability to successfully repay debt within arrangements.

The Borrower had utilised a construction loan from another lender to assist with a 7 townhouse project in an inner city suburb of Brisbane.

Due to delays in construction, an extension to the loan term was sought however the other lender was not willing to provide an extension on fair commercial terms.

The Borrower had obtained sufficient presales to provide over 100% coverage of debt.

This, together with our knowledge of the Borrower's financial position and development experience enabled PillarView to provide a loan to refinance the existing debt on more favourable terms than those provided by the outgoing lender.

The loan was repaid using the sales proceeds from the completed stock upon completion.

gold coast hinterland

Loan Limit: $1,190,000

LVR: 70%

Security: First Mortgage

Term: 6 months

The purpose of this loan was to assist with the purchase of a townhouse development site in the Gold Coast Hinterland.

The Borrower is a repeat Pillarview client who has displayed impeccable account conduct and repaid all debt within arrangements.

During the 6-month loan term, the Borrower obtained a DA and negotiated a build contract for the construction of the project, after which time the Pillarview loan was refinanced with a construction loan from a major bank lender.

sunshine coast

Loan Limit: $3,476,900

LVR: 70% of as if complete

Security: First Mortgage

Term: 15 months

The Borrower was a repeat client of Pillarview who had proven their development expertise, and ability to successfully repay debt within arrangements.

Pillarview had initially provided a loan to assist with the purchase of the residential development site which had not yet had Development Approval granted.

The Borrower obtained the DA and negotiated a building contract during the term of the original loan. Subsequently, this loan was refinanced internally to assist with the delivery of the subdivision project.

Upon completion of the project, the loan was repaid with a residual stock loan against the individually titled allotments.

Inner City Brisbane

Loan Limit: $5,850,000

LVR: 36% of the as-is value

Security: First Mortgage

Term: 12 months

PillarView provided a loan to refinance the Borrower's existing debt facility against a DA Approved site in inner Brisbane, and provide 'cash-out' to assist with development costs associated with the project. The loan was a low 36% LVR against the as-is security value.

The site is located in a Priority Development Area of Brisbane and benefitted from an existing DA for the construction of 136 residential units.

A minor change application had been made to alter the configuration and enable a greater Gross Realisation.

The 12-month term was provided to allow the Borrower to obtain the Minor Change Approval, negotiate a building contract, market the end produce, and obtain the required approvals to begin construction.

The loan was repaid within arrangements, prior to the expiry date.

SUNSHINE COAST

Loan Limit: $1,339,000.00

LVR: 65% of the as-is value

Security: First Mortgage

Term: 12 months

This was a loan provided to a previous Pillarview Borrower, to assist with the purchase of a future residential subdivision site in the Sunshine Coast.

Pillarview was able to offer higher gearing than the rest of the market based on the quality of the asset, and the proven track record of the Borrower. This minimised the cash required from the Borrower.

The loan was refinanced with a construction loan from Pillarview.

BRISBANE WEST

Loan Limit: $1,170,000

LVR: 83.6% of the as-is value

Security: Second Mortgage

Term: 6 months

The Borrower is an experienced developer who had several projects underway. The Pillarview loan was required to assist with the refinance of the land debt, and was secured by a 2nd mortgage against the 7 townhouse project, behind a well regarded first mortgage construction lender.

Additional gearing was required by the Borrower to enable him to maximise cashflow, and see his existing projects through to completion. Additional mortgages were taken over the Borrower's other residential assets, providing makeweight security, and enabling an LVR of 83.6% of the as if complete value.

The loan was refinanced at the end of the loan term.

Brisbane inner

Loan Limit: $1,300,000

LVR: 65% of the as-is value

Security: First Mortgage

Term: 6 months

The Borrower was an experienced developer and project manager, who had also borrowed from Pillarview in the past.

The loan was provided to assist with the purchase of a Queenslander on an 800m2 site.

The term of the loan was sufficient for the Borrower to obtain a Development Approval for the subdivision of the site and construction of a new dwelling.

The loan was successfully repaid within all arrangements, via a new construction loan from another lender

sunshine coast

Loan Limit: $1,573,325

LVR: 65% of the as-is value

Security: First Mortgage

Term: 6 months

This was another loan to a repeat PillarView Borrower who, time and again, has proven his ability to deliver on his projects and repay debt within arrangements.

The purpose of this loan was to assist with the purchase of a residential development site, which had not yet had Development Approval granted.

The property was improved with two residences in good condition, enabling Pillarview to offer higher gearing than would normally be available against a pre-DA site.

This allowed the Borrower to complete the sale while maximising his cash position.

The Borrower obtained a Development Approval for the subdivision of the site, and after negotiating a construction contract with a civil contractor to complete the works, the loan was refinanced internally by Pillarview, with a new construction loan.

BRISBANE NORTH

Loan Limit: $1,240,275

LVR: 60% of the as-is value

Security: First Mortgage

Term: 6 months

This loan was provided to assist with the purchase of a DA Approved subdivision site.

The Borrower was a managed investment entity, and therefore the Directors were not willing to provide personal guarantees as security for the loan.

Pillarview was able to offer a loan at 60% gearing, with no recourse to the Directors of the Borrower, based on the group's development experence, and the quality of the asset.

The Borrower amended the DA to achieve a higher yield, and subsequently sold the site and repaid all debt within the loan term.

SOUTH WEST SYDNEY

Loan Limit: $860,000

LVR: 34% of the as-is value

Security: First Mortgage

Term: 18 months

This loan provided 'cash-out' against an unencumbered club premises, to assist with the refurbishment to the internal fitout of the building.

Since the Borrower is a registered club and not a proprietary company, Personal Guarantees from the Directors were not able to be offered as security for the loan.

Pillarview was able to to waive the requirement for Personal Guarantees based on the strengths of the transaction, including the very low LVR of < 35% of the security value.

BRISBANE north

Loan Limit: $1,673,750

LVR: 65% of the as-is value

Security: First Mortgage

Term: 12 months

PillarView provided a loan to assist with the purchase of a childcare development site.

The loan term allowed sufficient time for the Borrower to obtain a DA and negotiate a building contract for the construction of the child care centre, after which time, the loan was refinanced with a construction loan from another Lender.

BRISBANE north

Loan Limit: $1,506,655

LVR: 70% of as-if-complete

Security: First Mortgage

Term: 7 months

This construction loan was provided to assist with a 5 Lot residential subdivision in a high-growth suburb in North Brisbane.

The Borrower had marketed and obtained presales for four out of the five Lots, resulting in over 100% debt cover on the proposed debt. Pillarview was able to provide a market-leading 70% LVR based on the presale position, the experience of the Borrower, and the involvement of a well-known and experienced civil contractor.

The developer experienced some delays during construction and a short extension was provided. The loan was successfully repaid from sales proceeds upon completion.

BRISBANE SOUTH

Loan Limit: $735,000.00

LVR: 65% of the as-is value

Security: First Mortgage

Term: 6 months

The loan was used to purchase a splitter-block in Brisbane's inner south.

The Borrower subsequently demolished the existing post-war house, and subdivided the land using his own cash resources.

The loan term of 6 months allowed sufficient time for the Borrower to sub-divide and obtain sealed plans for two separate titles. Once this had occurred, the loan was refinanced with a construction loan from a major bank.

newcastle

Loan Limit: $1,950,000

LVR: 56% of the as-is value

Security: First Mortgage

Term: 12 months

This loan was given to refinance an existing land bank facility, secured by a master-planned future residential development site.

The Borrower was a very experienced and prolific developer.

The loan was repaid using cash resources following the completion and sale of another development project.

inner brisbane sth

Loan Limit: $5,000,000

LVR: 46%, including first mortgage debt

Security: First Mortgage

Term: 12 months

The loan was a ‘cash-out’ facility against existing unencumbered assets in order to purchase another property.

This short-term loan was repaid via the sale of the subject security properties.

Return to our investors was substantially higher than first targeted.

brisbane north

Loan Limit: $1,250,000

LVR: 45% of the as-if-complete value

Security: First Mortgage

Term: 14 months

We provided a Construction Loan to assist with the subdivision of nine residential Lots in an outer suburb North of Brisbane.

All stock was sold during the construction period, and the loan was repaid from sales proceeds upon completion.

brisbane north

Loan Limit: $1,200,000

LVR: 82%

Security: Second Mortgage

Term: 1 month

This short-term bridging loan was secured by a second mortgage behind a major bank.

The Borrower was downsizing to release personal capital after contributing a significant amount of their own funds towards security bonds for their business.

While their existing property was under an unconditional contract of sale, they required funding to pay the deposit on their new property prior to settlement.

The loan was repaid upon settlement of the sale, with the unconditional contract providing a clear and well-defined repayment strategy.

Sydney SW

Loan Limit: $5,836,000

LVR: 45%

Security: First Mortgage

Term: 12 months

We pride ourselves on our understanding of the property market, and the credit risks associated with development finance.

We provide tailored solutions on commercial terms to provide credit worthy borrowers funding for their property related purposes.

The subject loan was provided to assist with the 25-lot residential subdivision of the Borrower's site.

The loan limit was a low LVR of only 45%, and was provided to the Borrower in two tranches - the first tranche refinanced the existing debt, and gave a further lump-sum advance sufficient to meet the civil construction costs of the subdivision. The release of the second tranche was conditioned on the Borrower obtaining and providing certificates of completion, and was used to pay marketing costs and the council fees payable to enable registration of titles.

This structure gave greater flexibility to the Borrower, while remaining within our credit appetite, and at a sufficiently low level of risk for our investors.

The loan was successfully repaid in full from proceeds of the sale of completed stock.

sunshine coast

Loan Limit: $4,940,000

LVR: 65%

Security: First Mortgage

Term: 15 months

This was a progressively-drawn construction loan, to assist with the construction of a bespoke architecturally designed luxury home in the Sunshine Coast hinterland.

The Borrower was an experienced developer, and a builder by trade, specialising in the bespoke construction of high end new builds and renovations.

Upon completion, the house was to provide 5 bedrooms - each with ensuite and walk-in wardrobe - a cinema room, large wine cellar, kitchen with butler’s pantry, outdoor entertaining, and a six-car lock up garage. The property featured quality fixtures and fittings throughout.

The loan was refinanced with a residual stock loan upon completion.

Brisbane east

Loan Limit: $6,650,000

LVR: 65%

Security: First Mortgage

Term: 12 months

This loan was provided to refinance an existing loan secured against an in-fill development site in Victoria Point.

The Borrower had submitted a development application for the subdivision into 68 residential lots however due to delays with Council, were due to reach expiry of their existing loan facility prior to the development application being approved.

We were able to provide a new loan on attractive terms to enable the Borrower additional time to obtain the development approval. Of note is that there were several similar sites in the near vicinity of the subject, in various stages of development - some with DA issued, some in progress, and several having been completed, with new houses built.

The loan term of 12 months was provided to give the Borrower time to obtain the development approval after which, the loan was to be repaid with a construction loan.

brisbane South

Loan Limit: $4,345,300

LVR: 70% of as if complete

Security: First Mortgage

Term: 12 months

This loan was provided to a repeat Borrower to assist with a 17-lot residential subdivision in a southern suburb of Brisbane.

The Borrower was an experienced developer, and the civil contractor well known to Pillarview, having completed several projects that we have funded in the past.

At the time of drawdown, the Borrower had obtained sales for 7 of the land allotments. It was the intention to sell the remaining lots nearer- or upon- completion in order to maximise sale price.

The loan was repaid within arrangements prior to the expiry date.

brisbane northside

Loan Limit: $1,500,000

LVR: 41%

Security: 1st & 2nd Mortgage

Term: 6 months

Pillarview provided a loan to this Borrower to assist with the purchase of a 'knock-down, rebuild' residential property in a popular north Brisbane suburb.

The Borrower owned the neighbouring property and was mid-way through building a new dwelling on that site.

The build of the new house was subsequently completed, but not sold in time to repay the loan prior to the expiry date, thus a new 'residual stock' loan was provided to repay the investors in the current loan and provide additional term to allow the sale of the property and the repayment of the new loan.

The loan was secured by a first mortgage over the subject property, and a supporting second mortgage over the now fully complete residential project.

The total loans were a combined LVR of 41% of the aggregate security value.

The Borrower repaid the loan in full prior to the end of the loan term.

sunshine coast

Loan Limit: $2,810,000

LVR: 65% of as if value

Security: First Mortgage

Term: 6 months

Pillarview had provided the borrower with a construction loan to complete the seven lot residential subdivision. Unfortunately, the chosen civil contractor experienced delays during the building term, and the Borrower had not obtained sufficient sales of the completed allotments to repay the loan prior to the expiry date.

Pillarview subsequently provided an internal refinance of the loan, whereby the construction loan was repaid with a new loan, and all existing investors were paid their capital and interest for the intitial term.

The new loan was secured by the 6 residual allotments. These were marketed and progressively sold. The loan was reduced with the proceeds of each sale, and was finally repaid prior to its expiry date.

brisbane
west

Loan Limit: $1,050,000

LVR: 58% of as is value

Security: First Mortgage

Term: 9 months

The Borrower had owned this development site as a long term investment property for a number of years.

Pillarview provided a loan to refinance the existing mortgagee, and provide cash-out, to be used to meet the costs of obtaining a DA to subdivide the site into four residential allotments, and to complete the minor-works required to obtain the Titles.

The loan was refinanced with a loan from another lender prior to the expiry of the loan term..

brisbane inner

Loan Limit: $1,485,000

LVR: 84% of as if complete

Security: Second Mortgage

Term: 8 months

This loan was a mezzanine facility secured by a second-ranking mortgage over a townhouse development project in an inner city suburb of Brisbane.

Pillarview also held the first-mortgage secured construction loan.

The Borrower is an experienced developer who had other projects under construction. This second mortgage loan facility enabled him to maximise his cashflow, and see his existing projects through to completion.

The Borrower had obtained unconditional presales sufficient to provide 100% coverage of the total first- and second- mortgage debt and, upon completion, the Pillarview loans were repaid using sales proceeds from the completed stock

brisbane
south

Loan Limit: $1,111,285

LVR: 55%

Security: First Mortgage

Term: 3 months

This loan was provided to assist with the purchase of a commercial development site.

The property was under contract with a long settlement, during which time the Borrower had obtained a DA for the construction of a tilt-slab building, and had entered into an Agreement for Lease with a quality tenant to occupy the building upon completion.

The loan term of 3 months was provided to allow the Borrower to finalise the building costs enter into a building contract, and obtain a building approval.

The loan was refinanced with a construction loan prior to the end of the loan term.

inner brisbane

Loan Limit: $5,015,000

LVR: 71.6% of the as-is value

Security: First Mortgage

Term: 9 months

The Borrower was an experienced commercial property leasing agent and commercial property developer.

The loan was provided to refinance existing bank debt and was secured by a first mortgage over the subject commercial property, and a 2nd mortgage over the Borrower's residence.

During the 9-month loan term, the Borrower marketed and obtained pre-committed lease agreements and finalised the costings for the refurbishment of the building and tenancy areas, after which time, he was able to repay the Pillarview debt with a construction loan from another Lender.

REGIONAL QLD

Loan Limit: $1,120,000

LVR: 70% of the as-is value

Security: First Mortgage

Term: 6 months

The purpose of this loan was to assist with the purchase of a commercial development site which had Development Approval to be subdivided into three Lots.

Proposed Lot 1 was to be a future residential subdivision site; Proposed Lot 2 had a further Approval for a 99-place child care facility and Proposed Lot 3 was intended to be a future commercial development site.

The loan was repaid by the Borrower within arrangements before the expiry date.

BRISBANE EAST

Loan Limit: $2,160,000.00

LVR: 65% of the as-if-complete valuation

Security: First Mortgage

Term: 15 months

The Borrower had applied to Pillarview for a construction loan to assist with his 4-townhouse project after he had received a valuation which provided lower values for the completed townhouses than anticipated.

The Borrower had obtained qualifying presales at a significantly higher price than the value assessed by a valuer and, as such, PillarView was able to assess the project and it's profitability against the selling price rather than the valuation, and provide a loan which would be unavailable from another lender.

The Borrower successfully completed and sold the project and the debt was repaid from the proceeds of the completed stock.

GREATER BRISBANE

Loan Limit: $750,000

LVR: 82.5% of the as-is value

Security: Second Mortgage

Term: 6 months

Pillarview's ethos rests on building quality relationships with our Investors, our Borrowers and other professionals, and we are proud to have repeat Borrowers who trust us to provide fair and equitable loan terms in market leading timeframes.

This loan was provided to a repeat Borrower to assist with the purchase of a development site. The site was identified and placed under contract with an extended settlement timeframe, however due to delays the completion and subsequent sale of two of his existing projects, he did not have the available funds to complete the purchase at the required date.

This loan was secured by 2nd mortgages against the subject site, as well as other assets owned by the Borrower, and enabled the Borrower to draw on this equity and complete the sale.

The loan was successfully repaid following the completion and sale of his other projects.

brisbane nth bayside

Loan Limit: $1,700,000

LVR: 65% of the as-is value

Security: First Mortgage

Term: 6 months

This loan was provided to a repeat Borrower to assist with the purchase of a residential dwelling on two Lots.

The 6-month loan term was provided to give the Borrower sufficient time to lodge and obtain the required approvals to demolish the existing house and build two new dwellings.

As intended, once the approvals were held, this loan was refinanced via a construction loan from another financier.

BRISBANE inner west

Loan Limit: $8,893,000.00

LVR: 65% of as-if-complete

Security: First mortgage

Term: 9 months

Pillarview provided a loan to assist with the acquisition of the riverfront development site in Brisbane, and the subsequent subdivision into 5 large residential Lots.

Pillarview did not require presales, based on the high demand of the as-if-complete product, and on the strength of the Borrower.

Four of the five Lots were sold during the loan term, with the Borrower choosing to retain the fifth.

The loan was fully repaid within arrangements upon completion of the project.

WEST MELBOURNE

Loan Limit: $5,890,000

LVR: 66.6%

Security: First Mortgage

Term: 13 months

Pillarview provided a construction loan to assist with the construction of a 146-place childcare centre in Victoria.

The Borrower was a highly experienced child care centre developer, and had also secured a tenant to lease the child care centre upon completion on attractive terms, as well as a presale for the centre upon completion.

Based on these clear exit strategies, Pillarview was able to offer higher gearing than a mainstream Lender.

BRISBANE South

Loan Limit: $2,256,500

LVR: 70% of as-if-complete

Security: First Mortgage

Term: 7 months

This construction loan was provided to assist with a 7 Lot residential subdivision in Brisbane's south.

The Borrower had marketed and obtained presales for four out of the seven Lots, resulting in approximately 80% coverage of the proposed debt. With the presales in place, and an experienced contractor engaged to complete the works, Pillarview was able to provide high gearing of 70% LVR.

The developer experienced some delays due to heavy weather, however was able to successfully manage the project and repay all debt within arrangements upon completion

Various interstate

Loan Limit: $1,933,750

LVR: 65% of the as-is value

Security: First Mortgage

Term: 6 months

The loan was provided to assist with the purchase of two childcare development sites, located in regional QLD and NSW. An unencumbered development site in regional QLD was used as additional security. The Borrower is a highly experienced child care centre developer, and Pillarivew was willing to lend against the regional sites given their proven track record of successfully delivering similar child care projects in similar locations.

This loan was repaid via the refinance with a construciton loan from another Lender as planned, with capital and income being paid to our investors.

inner brisbane

Loan Limit: $887,250

LVR: 65% of the as-is value

Security: First Mortgage

Term: 6 months

Pillarview provided a loan to assist with the purchase a future residential development site, comprised of two neighbouring properties.

The loan term was sufficient to allow the Borrower to obtain a DA for the construction of six townhouses and negotiate a fixed price building contract for the works.

The Borrower took advantage of the rising property market and sold the two properties as-is and fully repaid the loan.

brisbane north

Loan Limit: $1,700,000

LVR: 41% on completion

Security: First Mortgage

Term: 9months

This loan was part of a wider re-structure for the Borrower, which provided a refinance and equity release, enabling one business partner to buy out the other.

Loan funds were then used to complete construction of a commercial asset.

This loan was refinanced by a major bank upon completion of works.

All capital and interest was successfully paid to investors prior to the expiry of the loan term.

BRISBANE south

Loan Limit: $971,250

LVR: 65% of the as-is value

Security: First Mortgage

Term: 12 months

This loan was provided to assist with the purchase of vacant land childcare development site.

The loan term allowed sufficient time for the Borrower to obtain a DA and negotiate a build contract for the construction of the child care centre.

The loan was subsequently repaid via a refinance with a construction loan from a major bank.

MEZZANINE FINANCE Melbourne

Loan Limit: $2,649,320

LVR: 60%, including first mortgage debt

Security: Second Mortgage

Term: 12 months

Pillarview provided a second mortgage loan facility, behind a major bank's construction loan, to assist with the internal fitout of a medical centre.

This enabled the fitout to be completed while the building itself was under construction, allowing the Borrower to occupy the premises immediately upon completion.

The loan was refinanced via a term loan from a major bank upon completion of the property, and once the premises was fully leased.

Mezzanine finance melbourne

Loan Limit: $550,000

LVR: 65% including 1st mortgage debt

Security: Second Mortgage

Term: 12 months

The loan was secured by a second mortgage, behind a major bank, to assist with the construction of a 128 place child-care centre.

The loan enabled the Borrower to recoup some of the construction costs they had paid using their own cash resources, allowing them to reserve these funds for other active projects.

The Borrower had obtained a precommitment from a national child care centre operator to lease the property upon completion.

With this in place, the freehold child care centre was sold above valuation, and all capital and interest was repaid to investors within the loan term using settlement proceeds.

brisbane north

Loan Limit: $1,500,000

LVR: 41%

Security: Second Mortgage

Term: 7 months

This loan provided an equity release to support the growth of the Guarantor's property marketing business.

The facility was secured by a second mortgage over a commercial property and associated seabed lease.

At the time of approval, the Borrower had already applied for refinance with their existing mainstream lender, however funding was required sooner than the bank could complete its approval process.

Pillarview was able to assess the opportunity quickly and provide funding within the required timeframe.

The bank’s loan application was later approved, and refinanced the Pillarview loan during the loan term.

Brisbane BAYSIDE

Loan Limit: $4,035,000

LVR: 65%

Security: First Mortgage

Term: 18 months

The purpose of this loan was to assist with the purchase of a residential development site in Brisbane's bayside.

The loan was secured by a first mortgage over the development site, with additional security in the form of a second mortgage over a large residential acreage property, ranking behind the sponsor's home loan.

The additional security allowed a greater loan amount to minimise the equity contribution required from the Borrower for the purchase.

The loan term of 18 months was longer than our typical loan terms of 6-12 months. This provides our investors a greater investment term, at a high fixed rate of return.

During the loan term, the Borrower lodged a development application and for a five level 28 apartment complex, and began marketing for the as-if-complete product. The Pillarview loan was refinanced successfully prior to the end of the Term.

brisbane east

Loan Limit: $4,225,000

LVR: 47%

Security: First Mortgage

Term: 12 months

The Director and Shareholder of the Borrower was a beneficiary of a large estate that holds several high value assets.

The estate was in the process of being wound up, and had a short term requirement for additional cash to meet its ongoing operating costs, and to facilitate the sale of its assets.

This loan was provided to the Borrower so that it could, in turn, provide a loan to the estate.

The Pillarview loan was secured by the sponsor's principal place of residence - a large luxury residential acreage property in Brisbane's south.

The loan was a low LVR of only 47%.

Once the assets of the estate had been sold, the loan was fully repaid, and distributions of further proceeds were made to its beneficiaries.

Brisbane East

Loan Limit: $2,653,636

LVR: 70%

Security: First Mortgage

Term: 9 months

This loan was provided to assist with the purchase of two neighbouring properties.

Property 1 was a 1000m2 allotment, improved with an older style single level house. A development application was lodged for a 1-into-2 lot subdivision, with each lot to be suitable for duplex type development (i.e. 4 lots total).

Property 2 was a larger 1,700m2 allotment, also with an older style dwelling. This property had an approval for a 1-into-4 lot subdivision, with the Borrower proposing to construct a duplex pair on each of the lots (i.e. 8 lots total).

This was a progressively drawn construction loan with an initial advance provided to assist with the purchase of both properties. The remainder of the loan balance was drawn to assist with the 1 into 4 lot subdivision of property 2.

The loan was refinanced with a new Pillarview loan to assist with the construction of duplex dwellings across both properties.

North Brisbane

Loan Limit: $2,089,000

LVR: 70% of as-if complete

Security: First Mortgage

Term: 9 months

As well as providing competitive terms and pricing for loans to assist with the purchase of development sites, Pillarview is also a specialist construction lender, with a particular focus on small and medium scale subdivisions in quality locations.

The subject loan was provided to assist with the delivery of a 1-into-8 Lot residential subdivision.

The Borrowers had modest prior development experience, however a mitigant to this was that the contractor was highly experienced and well known to Pillarview, having completed the civil works for other projects that we have funded.

The Borrower had also obtained three presales which provided market acceptance of the end product. Pillarview provided a market leading solution whereby an additional equity release was to be made available to the Borrower upon obtaining additional complying sales and further de-risking the project with greater coverage of debt.

The project was completed within the loan term, and the Pillarview loan was repaid in full from proceeds of sales of completed stock.

brisbane south

Loan Limit: $2,145,000

LVR: 65%

Security: First Mortgage

Term: 12 months

The purpose of the loan was to assist with the purchase of the future townhouse development site in a southern suburb of Brisbane.

The Borrower was a joint venture between existing developer clients and their town planner.

The proposed loan term of 12 months was to allow sufficient time for the Borrower to obtain a Development Approval, Operational Works approvals, negotiate a fixed price building contract for the works, and then subsequently refinance the loan with a construction loan facility.

brisbane north

Loan Limit: $1,504,000

LVR: 75% of the as-is value

Security: First Mortgage

Term: 6 months

The Borrower required gearing of 75% to assist with the purchase of a future residential subdivision site, and was at risk of losing his deposit with a settlement date fast-approaching.

Pillarview prides itself in being able to offer exceptional speed to market, and in this case, we were able to review and approve the Borrower's application, raise investor funds, document and settle the loan within 1 week of receiving all required information.

We were able to offer higher-than-normal gearing of 75% based on the location and quality of the residential property asset.

North
Brisbane

Loan Limit: $3,149,000

LVR: 65%

Security: First Mortgage

Term: 6 months

The subject site was the amalgamation of two neighbouring properties, totalling 8000m2.

Proposed for the site was the subdivision of the land into 18 residential lots.

Pillarview provided a loan at 65% LVR to assist with the purchase. At the time of settlement, the DA was lodged, but not yet approved.

A term of 6 months was provided to allow the Borrower to obtain the development permit, and presales for the end-product.

This loan was repaid with a construction loan.

Byron Bay

Loan Limit: $1,820,000

LVR: 70%

Security: First Mortgage

Term: 12 months

The purpose of this loan was to assist with the purchase of a development site in Byron Bay.

The 1000m2 site was improved with an older style dwelling. During the loan term, the Borrower obtained a permit to demolish the existing house, and construct three townhouses.

The 9 month term was provided to allow the Borrower to obtain the development permit, and presales for the end-product.

This loan was refinanced with a construction loan from another lender.

North
brisbane

Loan Limit: $1,050,000

LVR: 70% of as if complete

Security: First Mortgage

Term: 3 months

One of PillarView's specialties is providing first mortgage loan facilities to assist with the purchase of development sites.

The subject loan was provided to an experienced developer to assist with the purchase of a site that had a development approval for a 1-into-5 acreage Lot residential subdivision.

The 3-month loan term was provided to enable the Borrower to finalise his civil construction contract, after which time, Pillarview provided a new progressively drawn construction loan to assist with the delivery of the project.

brisbane south east

Loan Limit: $600,000

LVR: 38% of as is value

Security: First Mortgage

Term: 9 months

This loan was provided to refinance the existing debt facility.

The security property held approvals for mechanical waste processing, and was used by the Borrower for the recycling of construction and demolition materials.

The Borrower had intended to extend the existing loan from their current financier, however the terms and conditions of their extension were not commercial.

Pillarview was able to approve, document and settle the new loan within a short timeframe before the expiry date, which saved the Borrower from paying penalties imposed had the loan not been repaid by the expiry.

The loan term was 9 months giving the Borrower sufficient time to obtain approval for a refinance with a loan from his mainstram bank

Brisbane South

Loan Limit: $1,000,000

LVR: 40.8% of Leasehold

Security: First Mortgage

Term: 12 months

This loan was advanced against a newly-built and state-of-the-art Leasehold Going Concern Child Care Centre located in a growth corridor in a southern suburb of Brisbane.

The loan was to assist with the establishment and start-up during their trade-up period, thus allowing the Borrower to retain their own funds for use toward other active child care development projects.

The loan was secured by a mortgage over the Lease of the centre, and supporting a Personal Guarantee from the Director of the Borrower.

Following the trade-up period, and once the centre was operating at a higher occupancy, the loan was refinanced by a major bank within the loan term.

Various - vic

Loan Limit: $629,000

LVR: 70%

Security: Second Mortgage

Term: 9 months

The Borrower was beginning a large residential subdivision project and required a release of equity against a portfolio of residential properties, to provide cash to pay a performance bond to the relevant council authority before they could begin works on the project.

The loan was secured by second mortgages over the residential investment properties, ranking behind the Borrower's home loan lender.

Pillarview's second mortgage loan brought the total combined LVR to 70% of the aggregate security valuation.

The loan balance was reduced via the progressive sale of security properties, with the remaining balance repaid within arrangements via a refinance using the Borrower's mainstream lender.

Greater Brisbane

Loan Limit: $4,830,000

LVR: 62.6% of the as-is value

Security: First Mortgage

Term: 12 months

This loan was provided to enable repayment of debt, and division of assets following a marital separation.

The loan was secured by 1st mortgages over two commercial- and three residential properties throughout greater Brisbane. Additional 'makeweight' security was taken in the form of a 2nd mortgage over a luxury residential dwelling in Brisbane city.

The Borrower sold two of the security properties during the loan term to reduce debt, and subsequently refinanced Pillarview with a loan from another lender.

OUTER BRISBANE STH

Loan Limit: $2,010,000

LVR: 55% of the as-is value

Security: First Mortgage

Term: 6 months

This loan was provided to assist with the sale of the subject property to a related party, as part of a wider group restructure.

The security property had been earmarked for future development; the loan term allowed sufficient time for the Borrower to obtain the required approvals and negotiate a construction contract to build a large-scale self-storage facility.

Pillarview's solution provided the Borrower with flexibility and a higher level of gearing than would have been achievable from a more mainstream Lender.

The loan was repaid within the term, with a construction loan from a mainstream lender.

brisbane south

Loan Limit: $624,000

LVR: 65% of the as-is value

Security: First Mortgage

Term: 6 months

This loan was provided to a repeat Borrower to assist with the purchase of a future development site.

The six-month loan term was provided to allow the Borrower to obtain a Development Approval for the subdivision of the site to create six residential land Lots.

The Borrower repaid the loan within the loan term.

Regional QLD

Loan Limit: $1,163,500

LVR: 70% of the as-is value

Security: First Mortgage

Term: 9 months

The Borrower was a highly experienced developer whose business model is to identify and acquire childcare development sites, negotiate agreements for Lease with established National childcare operators, and then purpose-build childcare centres according to these tenants' specifications.

The purpose of the loan was to assist with the finalisation of the Development Approvals on the two properties, as well as provide reimbursement for the costs met by the Borrower to date for the two other projects under construction.

The loan was secured by two such sites which were owned by the Borrower unencumbered. In this instance, Pillarview was able to extend a 70% LVR against the regional properties on the basis of the Borrower's financial strength, and their experience, displayed by their proven track record delivering such developments.

Pillarview requires a clear exit strategy for all its loans. The 9-month term provided the Borrower sufficient time to obtain Development Approvals from Council, and negotiate building contracts for the delivery of the proposed centres, after which time the loan was refinanced with a construction loan from a mainstream lender.

Sunshine coast

Loan Limit: $1,380,000

LVR: 51% of the as-is value

Security: First Mortgage

Term: 6 months

This loan was provided to assist with the purchase of a residential investment property in South Australia. The loan itself was secured by the Borrower's property in the Sunshine Coast area.

This bridging type loan fully-funded the purchase price of the new property, and allowed the Borrower to move quickly in making an offer and completing the purchase.

The loan featured prepaid interest for the full 6-month term, and was successfully repaid within arrangements upon the sale of the Sunshine Coast property.

noosaville

Loan Limit: $1,836,250

LVR: 65%

Security: First Mortgage

Term: 12 months

Pillarview was approached by a Broker who had a loan application declined by a major bank just a week before settlement of the property purchase was due.

Pillarview was able to approve the loan application, raise funds from our Membership base, document the loan and be ready for settlement within 6 days of first contact.

This enabled the purchase to go ahead as planned, and prevented the Borrower from potentially losing the deposit he had paid under the terms of the Contract of Sale.

This loan was refinanced by another lender following the initial loan term.

inner BRISBANE nth

Loan Limit: $3,250,000

LVR: 57% of the total security

Security: Second Mortgage

Term: 6 months

The Borrower approached Pillarview after being let down by their existing financier who declined his application for finance to purchase a development site in Brisbane's Inner North only 2 weeks before settlement was to occur.

The Borrower had equity in other property, which Pillarview was able to leverage against in a second mortgage position to enable funding for 100% of the purchase price, as well as set up costs and interest for the full term.

This allowed the Borrower to keep his cash reserves for other investment purposes.

BRISBANE east

Loan Limit: $2,077,000.00

LVR: 65% of as-if-complete

Security: First Mortgage

Term: 6 months

The Borrower approached Pillarview to assist with the refinance of an existing construction loan from a private lender. Due to some delays the Borrower had experienced in starting the project, works were approximately 50% completed when the outgoing facility was due to expire.

As the Borrower had obtained pre sales sufficient to provide over 100% debt cover, Pillarivew was able to provide a loan to assist with the refinance, and fund the remainder of the project works.

This loan was repaid via a refinance from another Lender, and all capital was returned to the investors, together with all interest from the term of the loan.

outer brisbane

Loan Limit: $1,950,000

LVR: 47%

Security: First Mortgage

Term: 12 months

Whilst the Borrower did not have experience in delivering projects as large as this 15 Lot residential subdivision, he had completed many smaller scale developments, had a high amount of equity in the project, and had presold 7 of the 15 Lots providing almost full coverage of the debt.

Pillarview provided a construction loan at a 47% LVR to assist with the completion of the project.

The Borrower fully sold the remaining Lots during construction, with the exception of two which were retained for longer term investment.

The loan was repaid using proceeds from the sales upon completion.

BRISBANE SOUTH

Loan Limit: $1,900,000.00

LVR: 65% of as-if-complete

Security: First Mortgage

Term: 12 months

Pillarview provided a construction loan to assist with a 15 small-lot residential subdivision in Brisbane's south.

The Borrower wanted to market and sell the project during construction in order to maximise the sale prices, rather than obtain presales.

Pillarview provided a loan with No Presale condition.

The developer sold all stock during the term and fully repaid the Pillarview debt within 3 weeks of titles issuing.

Outer Brisbane

Loan Limit: $250,000

LVR: 20%

Security: First Mortgage

Term: 12 months

This was a small loan to enable the borrower to invest in an I.T. start-up venture.

The loan was secured by an unencumbered commercial property owned by the Borrower.

Monthly interest was met by the Borrower, and Pillarview managed the loan throughout the term to ensure the Borrower remained compliant with the conditions of the loan.

The loan was repaid via the refinance from a mainstream lender.

sunshine coast

Loan Limit: $3,476,900

LVR: 70% of as if complete

Security: First Mortgage

Term: 15 months

The Borrower was a repeat client of Pillarview who had proven their development expertise, and ability to successfully repay debt within arrangements.

Pillarview had initially provided a loan to assist with the purchase of the residential development site which had not yet had Development Approval granted.

The Borrower obtained the DA and negotiated a building contract during the term of the original loan. Subsequently, this loan was refinanced internally to assist with the delivery of the subdivision project.

Upon completion of the project, the loan was repaid with a residual stock loan against the individually titled allotments.

Inner City Brisbane

Loan Limit: $5,850,000

LVR: 36% of the as-is value

Security: First Mortgage

Term: 12 months

PillarView provided a loan to refinance the Borrower's existing debt facility against a DA Approved site in inner Brisbane, and provide a 'cash-out' to assist with development costs associated with the project. The loan was a low 36% LVR against the as-is security value.

The site is located in a Priority Development Area of Brisbane and benefitted from an existing DA for the construction of 136 residential units.

A minor change application had been made to alter the configuration and enable a greater Gross Realisation.

The 12-month term was provided to allow the Borrower to obtain the Minor Change Approval, negotiate a building contract, market the end produce, and obtain the required approvals to begin construction.

The loan was repaid within arrangements, prior to the expiry date.

brisbane
east

Loan Limit: $2,326,117

LVR: 65% of the as-if-complete value

Security: First Mortgage

Term: 9 months

A progressively-drawn Construction Loan was given to assist with a 9-Lot residential subdivision in Brisbane’s East.

Two complying pre-sales were held before settlement.

The Borrower completed the development on time and on budget, and sold all Lots during the construction period.

The loan was repaid via the sale of the completed residential allotments with all capital and interest paid to the investors prior to the end of the Loan Term.

inner brisbane

Loan Limit: $5,015,000

LVR: 71.6% of the as-is value

Security: First Mortgage

Term: 9 months

The Borrower was an experienced commercial property leasing agent and commercial property developer.

The loan was provided to refinance existing bank debt and was secured by a first mortgage over the subject commercial property, and a 2nd mortgage over the Borrower's residence.

During the 9-month loan term, the Borrower marketed and obtained pre-committed lease agreements and finalised the costings for the refurbishment of the building and tenancy areas, after which time, he was able to repay the Pillarview debt with a construction loan from another Lender.

REGIONAL QLD

Loan Limit: $1,120,000

LVR: 70% of the as-is value

Security: First Mortgage

Term: 6 months

The purpose of this loan was to assist with the purchase of a commercial development site which had Development Approval to be subdivided into three Lots.

Proposed Lot 1 was to be a future residential subdivision site; Proposed Lot 2 had a further Approval for a 99-place child care facility and Proposed Lot 3 was intended to be a future commercial development site.

The loan was repaid by the Borrower within arrangements before the expiry date.

Greater Brisbane

Loan Limit: $4,830,000

LVR: 62.6% of the as-is value

Security: First Mortgage

Term: 12 months

This loan was provided to enable repayment of debt, and division of assets following a marital separation.

The loan was secured by 1st mortgages over two commercial- and three residential- properties throughout greater Brisbane. Additional 'makeweight' security was taken in the form of a 2nd mortgage over a luxury residential dwelling in Brisbane city.

The Borrower sold two of the security properties during the loan term to reduce debt, and subsequently refinanced Pillarview’s loan with a loan from another lender.

OUTER BRISBANE STH

Loan Limit: $2,010,000

LVR: 55% of the as-is value

Security: First Mortgage

Term: 6 months

This loan was provided to assist with the sale of the subject property to a related party, as part of a wider group restructure.

The security property had been earmarked for future development; the loan term allowed sufficient time for the Borrower to obtain the required approvals and negotiate a construction contract to build a large-scale self-storage facility.

Pillarview's solution provided the Borrower with flexibility and a higher level of gearing than would have been achievable from a more mainstream Lender.

The loan was repaid within the term, with a construction loan from a mainstream lender.