Residential, Commercial & Hose Block Residual Stock Finance
Residual Stock Facilities can be highly valuable to developers who are looking to recoup some cash to move to the next project whilst undertaking a controlled sell down of their project’s assets. Funding is available on a gross realisation basis rather than in one line and is usually up to 70% ex GST for a period of up to 18 months.
As the name implies, residual stock finance allows for the funding of completed but unsold development stock to allow the developer time to sell it. It is particularly useful if the developer uses private lenders or mezzanine finance and wants to refinance the debt.
Mezzanine financing ensures you a highly flexible arrangement and a perfect option for growing companies with a strong cash flow, seeking business expansion funding.