Crest Capital Asset Management

𝑇ℎ𝑒 𝑜𝑝𝑝𝑜𝑟𝑡𝑢𝑛𝑖𝑡𝑦 𝑐𝑜𝑠𝑡 𝑜𝑓 𝑏𝑎𝑛𝑘 𝑓𝑖𝑛𝑎𝑛𝑐𝑒

The non-bank industry is often ignored when and advisors make funding recommendations to their clients. The cost of capital available to non-bank lenders is substantially higher than the major banks and an assessment on funding costs only will more often than not favour the majors. But what about the opportunity cost?

Crest Capital Asset Management (Crest Capital) has compiled a case study of a transaction that involved one of its clients to illustrate the opportunity cost >> https://www.crestcapitalmanagement.com.au/the-opportunity-cost-of-bank-finance

Discounting pre-sales to meet bank requirements come at an unexpected cost The client found that it had to offer discounts/incentives as high as 10% off its retail price to attract off-the-plan purchasers prior to commencement of construction. However once construction started, its discounts reduced to 2.5%.

𝑩𝑹𝑶𝑲𝑬𝑹 𝑵𝑬𝑾𝑺: 𝑨 𝒕𝒊𝒎𝒆𝒍𝒚 𝒂𝒓𝒓𝒊𝒗𝒂𝒍 𝒘𝒊𝒕𝒉 𝒊𝒎𝒎𝒆𝒅𝒊𝒂𝒕𝒆 𝒇𝒖𝒏𝒅𝒔 𝒅𝒆𝒑𝒍𝒐𝒚𝒎𝒆𝒏𝒕

Crest Capital Asset Management has made available additional funding to WA and land as well as currently active in the market, to secure quick access to funding to complete projects and acquisition opportunities.

Crest Capital offers funding for a 12-24 month term. It is part of a large fund manager and has capacity for loans from $750k to $25 million. In the current environment many borrowers are taking advantage of the following product offerings:
✔ No pre-sales construction funding
✔ Acquisition of development sites
✔ Land development and subdivision funding
✔ Short term loans for acquisition of investment properties
✔ Bridging finance and short-term loan facilities
✔ Funding to effect restructuring and refinancing of portfolios
✔ Mezzanine and preferred equity facilities are selectively available

Read More >> https://www.crestcapitalmanagement.com.au/the-biggest-opportunity-cost-in-property-missed-projects

The biggest opportunity cost in property – missed projects! Crest Capital Asset Management has released additional funding, now offered to the finance broking network, to help fast-track these projects in time for the December deadline...

Obtaining bank for development used to be much simpler. In the new lending landscape bank funding requires more equity, high pre-sale levels and meeting a raft of onerous credit requirements.

Non-bank lenders and mortgage funds are proving increasingly popular alternatives in the Perth landscape, particularly for developers with projects under $5m as well as land developers.

Read More >>

A capital partner in the Perth property development market Non-bank lenders and mortgage funds are proving increasingly popular alternatives in the Perth property development landscape, as well as capital partners such as Crest Capital Asset Management (CCAM), who offer unique project-focused solutions.