Property Development Loans

Centaur Property is a private non bank lender.  We are able to provide up to $20m in debt funding for Australian capital city based real estate projects.

Centaur Property can provide both land acquisition and progressively drawn construction loans. We are able to tailor the terms of our finance offering to meet the needs of our borrowers. Senior first mortgage loans as well as mezzanine /preferred equity loans are available.

As a wholesale real estate debt fund manager, Centaur Property invests its own funds.  Borrowers are dealing directly with the lender.  We are not a mortgage broker or a syndicator of loans.

Over 70% of our loans are to repeat borrowers and we are continually looking to build new borrower relationships. Our rates may be more expensive than a bank but our speed, commerciality and ability to provide certainty of funding, sets us apart.

If you are seeking to access funding for a real estate project our mandate is summarized below. Centaur Property is happy to work with brokers/originators and will pay referral fees on a case by case basis.

For further queries about obtaining loan funding from Centaur Property, please contact contact@centaurproperty.com.au or call +61 2 8005 2745.

Mandate

To provide debt funding for property investments, property developments (including construction finance), property redevelopments, property refurbishments or any other property project

Investment  instrument

Senior, subordinated and mezzanine loans and preferred equity

Geography

Australia – capital city projects only

Investment size

Between $1 million and $20 million for senior loans
Between $1 million and $5 million for mezzanine loans

Targeted covenants

Total LVR cannot exceed 75% (land only)
Minimum of 15% of total project costs must be funded by equity
For construction finance, adequate level of pre-sales and identified exit strategy must be in place

Security

Registered first ranking or second ranking mortgage, collateral security, General Security Agreement (GSA) and/or personal guarantees

Investment term

6 months to 3 years