Property Development Loans in Australia

Centaur Property is a private non-bank lender that can 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. The terms of our development loans can be tailored to meet the individual needs of our borrowers. Senior first mortgage loans as well as mezzanine and preferred equity loans are available as part of our development finance options.

As an Australian wholesale real estate debt fund manager, Centaur Property invests its own funds. 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 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.

For further queries about obtaining loan funding or development finance from Centaur Property, please contact us at 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 in Australia.

Investment Instrument

Senior, subordinated and mezzanine loans and preferred equity.

Geography

Our development finance options are available in Australia, for capital city projects only.

Investment Size

Between $1 million and $20 million for senior loans, and 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