Centaur Property is a private non-bank lender that can provide up to $25m in debt funding for Australian capital city based real estate projects. To date, Centaur Property has provided over $1.63 billion in finance to more than 285 development projects around Australia.
Centaur Property can provide both land acquisition and progressively drawn construction loans as well as residual stock funding. The terms of our development loans can be tailored to meet the individual needs of our borrowers. Senior and stretch senior first mortgage loans are available as part of our development finance options.
When borrowers choose Centaur Property for their development loans, they 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 in Australia, and we are continually looking to build new borrower relationships. Our loan rates may be more expensive than the development finance options offered by the major banks, but our speed, commerciality and ability to provide certainty of funding sets us apart.
If you are seeking to access a development loan for a real estate project in Australia, our mandate is summarised below. Centaur Property is happy to work with brokers or originators and will pay referral fees on a case by case basis.
Senior and stretch senior loans only.
Registered first ranking and/or second ranking mortgage, collateral security, General Security Agreement (GSA) and or personal guarantees.
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.
Our development finance options are available in Australia, for capital city projects only.
Between $1 million and $25 million
3 months to 3 years
For further queries about obtaining loan funding or development finance from Centaur Property,
please contact us at [email protected]