MELBOURNE, VICTORIA

The developer, a quality builder and financier separated and were facing liquidation.

Solution:

After a discussion of various options with a Construction Broker and Project Analyst; ACMF Proposed and Packaged up a 3 mortgage solution.
Specialist 1st Mortgage Construction Lender providing the balance on Construction Funds on a conservative basis.
2nd Mortgage short term lender partnered with ACMF.
ACMF oversaw capital flows to ensure all 1st Mortgage payments went to contractors and project costs.

Result:

Project Completion allowed Developer and Builder to succeed with surplus.