Multi Level High Rise Apartment Project - Adelaide
Developer, quality builder and financier had a fall out and were facing liquidation and risking loss of input capital.
Solution:
ACMF Proposed a controlled Management and Packaged up a 3 mortgage solution.
Specialist 1st Mortgage Construction Lender providing balance on Construction Funds on a conservative basis.
2nd Mortgagee & 3rd Mortgagee partnered with ACMF and co-managed by ACMF.
ACMF oversaw capital flows to ensure all 1st Mortgage payments went to contractors and project costs only.
Result:
Project Completion allowed Developer and Builder to repay all debts with return of input capital.