Finance Options
Construction Loans
Upto 75% LVR of GRV value, staged drawdowns Amounts from $500,000 to $40,000,000 All Areas
Land Bank Finance
Upto 75% LVR. DA or Pre DA
Purchases, land subdivisions
At SPP, we can enable property developers to get the necessary capital to complete projects and maximise their return of cost, via mezzanine funding.

For the right project, Mezzanine financing can be a great tool, allowing developers to reduce the amount of equity contributed to a project and potentially enabling them to spread their capital across multiple projects or get started earlier on a project.

A typical mezzanine facility is secured by a 2nd mortgage on the title and is paid out after the senior debt but before any equity.

As both an originator and a direct lender, our ability to structure flexible and working solutions for qualifying projects is unparalleled.

With a flexible model of funding, and as a business that is considered, and proactive in finding best-fit solutions, we have the ability to structure the most appropriate financing model for a particular project including (where it is appropriate and workable to do so) the taking and arranging of preferred equity positions.

Preferred equity is a form of financing that effectively takes a direct stake in a project and is paid back before common equity but behind any debt positions.

Typically, a preferred equity facility will come with a coupon rate of annual return rather than a profit share arrangement.

Taking a preferred equity facility, in a similar fashion to mezzanine funding, may enable a developer to start earlier on a project, potentially increase their return on cost, or simply spread their capital across multiple projects.

With preferred equity, however, a provider will take an equity stake in the development entity, usually with a fixed coupon rate. As opposed to mezzanine finance, there is a 2nd mortgage position on the property with a defined interest rate. The end result is very similar but this structuring can be more suitable than mezzanine finance in certain situations, such as where the senior debt provider does not allow a mezzanine finance facility to go in behind them.

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