Progressing Construction Works
Western Australia, Australia
A developer was underway with an over 55’s lifestyle development.
The developer had commenced civil construction works on a project prior to settling on it, but required a first mortgage loan to settle the land and contribute to further construction works in the first and second stages. The nature of the project made it difficult to obtain senior lender finance.
Dorado applied its experience and expertise to assess the quality of the pre-sales together with fully understanding the feasibility and viability of the project. This enabled a first mortgage solution to be put forward, which allowed the project to proceed in a timely manner.