With approvals obtained and a builder secured, the bank were unwilling to provide a construction facility as the joint venture structure meant that ultimately the equity funders were retaining the completed apartments, as opposed to obtaining conventional arms-length pre-sales. The bank therefore deemed the structure unconventional.

Dorado saw the merit of both the development and also the joint venture structure, with each participant being of sound financial standing. In an effort to commence construction without further delay, Dorado provided an initial facility that incorporated a review period where if, with the benefit of time, the developer had secured a major bank to fund the balance of construction, Dorado would be refinanced. Each of the joint venture participants successfully repaid the Dorado facility and took ownership of their completed apartment.