Right Angle Group funds a ‘first time’ developer project

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Project Type: Construction Finance
Loan Amount: $5,500,000
The Right Angle: 80% of Total Development Costs (“TDC”) with limited pre-sales.

Why Right Angle Group?
A ‘first time’ property developer was seeking to complete their first project which consisted of 8 residential dwellings.

What our client required:

  • Client sought to commence construction immediately due to DA consent about to lapse.
  • The client had only secured 2 qualifying pre-sales which was well below the minimum requirement for traditional bank funding.

What we achieved for our client:

  • Sourced funding through one of our non-bank lenders who was comfortable with limited experience of client and minimal pre-sales.
  • Lender accepted the uplift in land value and advanced 80% of the total development costs which allowed funding to commence without any additional equity contribution from the client.

Right Angle Group finds Childcare solution

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Project Type: Purchase of 2 x established going-concern childcare centres
Loan Amount: $5,040,000
The Right Angle: Negotiated with the Bank to arrive at a favourable loan approval, despite perceived hurdles relating to the valuation. High loan ratio being 70% of the business only value of the centres.

Why Right Angle Group?
An existing client entered into contracts to purchase two going concern childcare centres. The rent agreements for both centres were considered to be at rates substantially below market, and so while the valuation read well, negotiation was required in order to have the bank accept the values and commentary. Further, the contracts had a very short finance clause which left no room for delays during the approval.

What our client required:

  • An Approval for finance to assist with the purchase of the two centres
  • A quick approval was required since the Finance Approval date was fast approaching
  • Minimal cash contribution required

What we achieved for our client:

  • Arranged approval through a major bank for a loan with 70% LVR against purchase price
  • The valuation which supported the purchase price was ultimately accepted by the Lender
  • Formal approval was given prior to the expiry of the finance clause

RIGHT ANGLE GROUP WINS STATE AWARDS

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Thank you to all of our clients!

We are happy to announce that Right Angle Group are the proud winners of the QLD Commercial Broker Group & Brokerage of the Year for FAST 2016.

Thank you to all of our clients and referral sources for a successful year and for continuing to support our business.

Property Portfolio Debt Review & Tender

Project Type: Property portfolio debt review and Tender
Loan Amount: $12,000,000
The Right Angle: Improved service and $100,000 p.a. interest savings

Why Right Angle Group?
A long term and loyal client of a major bank who was unimpressed by current service levels which prompted the referral to Right Angle Group.

What our client required:

  • Market comparison to see if they were being taken for granted
  • Engaged us to tender the business to other lenders as well as their current bank

What we achieved for our client:

  • A reduction in interest rate resulting in significant savings for the client
  • Transferred the client to another manager at their existing bank
  • Right Angle Group have been recognised as the introducer of the client and as such, remain involved with the clients business as required to ensure that service levels are at standard

WHY RIGHT ANGLE GROUP?

Stage 2

Project Type: Staged Residential Townhouse Development
Loan Amount: $16,000,000

Why Right Angle Group?
An existing client of Right Angle Group who asked us to tender the funding of a large residential townhouse development.

What our client required:

  • Funding for 115 townhouses in 2 stages with formal approval for the take out finance on 31 townhouses being retained as long term rentals
  • Lowest level of complying presales

What we achieved for our client:

  • Formal approval for the take out of 31 townhouses on term debt on completion of the project at a delivery rate of 4.25% with a loan value ratio of 65% (In one line)
  • Use of a $3,5000,000 uplift in value from purchase price based on the DA approved value
  • 30% debt cover in complying presales
  • Formal approval within 3 weeks of loan lodgement

 

KNOWLEDGE
NETWORK
SOLUTION

Your Right Angle

RIGHT ANGLE GROUP SCOOPS NATIONAL AWARDS

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National Mortgage Aggregation Group , FAST , recently announced The Right Angle Group as the No 1 Broker Group ( 5 or more brokers ) in their National Awards.

Coming up to 4 years in operation , The Right Angle Group won the State Award for No 1 Broker Group  in 2012, 2013 and 2014 before taking out the National Award for 2015.

Such a result is a testament to our client segment focus in small to medium sized businesses with Commercial Property Mortgage requirements

FOCUS
TENACITY
RESULTS

Your Right Angle

RIGHT ANGLE GROUP LAUNCHES AXIS PRIVATE

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The Right Angle Group has segmented and re-branded its Private Debt and Equity arrangement and management business under the banner of Axis Private.

With quality transaction origination , property credit skills and back end management support , Axis Private , is uniquely positioned at the intersection of demand , supply and management of Private and Institutional Capital.

Private Debt and Equity Arrangement and Management has been a fundamental part of our individual practise for over 15 years – and as this business segment continues to evolve in an ever changing landscape, Axis Private , will ensure that high quality solutions and support continue to be on offer for our Clients.

VISION
DELIVERY
SUPPORT

Your Right Angle

WHAT YOU KNOW AND WHO YOU KNOW

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Our Client had a Development Site optioned in Sydney with Development Approvals and Presales that had been obtained.

They decided to offload the site and concentrate on other Development Projects they had going in Sydney and South East Queensland.

The Right Angle Group introduced one of our Sydney Developer clients to the South East Queensland site owner and the deal was done in a week.

Another example of the Right Angle Group’s power as a Deal Network Business.

IT’S WHAT WE KNOW
IT’S WHO WE KNOW
IT’S OUR KNOW HOW

Your Right Angle

$50M IN PRIVATE DEBT AND EQUITY LOANS PLACED

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The Deal Network Business capacity continues in forward drive with $50M in Private Debt and Equity Loans placed in the 2015 Financial Year to date.

An improving Residential Development Sector means Property Development businesses are more confident in accessing smart leverage capital for growth.

Correspondingly, High Net Worth Family Office Businesses know they can rely on our Group for quality transaction origination and expert credit management.

DEAL NETWORKS
REAL DEALS
DEAL US IN

Your Right Angle