$36M Development Facility Supports Abbotsford Apartment Project
Delivering a successful residential development requires more than construction expertise—it requires funding that evolves with the project.
Assetline provided a $36 million residential development finance facility for a multi-unit apartment development in Abbotsford, Victoria, supporting the project through construction as it progressed towards completion.
The Scenario
An experienced developer required funding for a multi-unit residential apartment project in Abbotsford, VIC.
The development had progressed successfully through construction, with the structure and façade now complete and the project entering its final stages.
Having successfully completed previous projects with Assetline, the developer sought a funding partner capable of delivering commercial certainty, responsive decision-making and a collaborative approach throughout the project lifecycle.
Why Development Finance Matters
Large-scale residential developments rarely follow a perfectly straight path.
Construction milestones, project timelines and funding requirements naturally evolve as projects progress.
Developers require funding partners who understand the realities of property development and can work collaboratively as projects move through each stage of delivery.
Development finance isn't simply about funding construction—it's about supporting successful project outcomes.
The Assetline Solution
Assetline provided a $36 million residential development finance facility structured around the project's requirements.
The facility supported:
Construction funding through the later stages of delivery
Ongoing project progression
Commercially structured development finance
Responsive credit assessment
Collaborative support throughout the project lifecycle
Having previously worked together, the developer returned to Assetline based on our speed to market, practical commercial approach and experience funding complex residential developments.
"Development finance isn't just about providing capital. It's about understanding the realities of construction, responding as projects evolve and working alongside experienced developers to deliver successful outcomes."
Davide Bini
General Manager - Development Finance
Deal Snapshot
Facility | $36 million |
|---|---|
Product | Development Finance |
Project Type | Residential Apartment Development |
Location | Abbotsford, VIC |
Development | Multi-unit apartments |
Project Status | Structure and façade complete |
Funding Purpose | Construction Finance |
Exit Strategy | Project completion and sales |
Why This Structure Worked
The developer required more than funding.
They required a lender with experience across the full development lifecycle and the ability to respond commercially as the project progressed.
By combining responsive decision-making with practical structuring, Assetline helped provide the certainty needed to support the project through its final stages.
Common Development Finance Scenarios
Assetline regularly funds:
Residential apartment developments
Townhouse developments
Mixed-use developments
Construction finance
Land acquisition
Development site refinances
Residual stock funding
Project completion funding
Frequently Asked Questions
What types of residential developments can Assetline fund?
Assetline can consider a broad range of residential development projects, including apartments, townhouses and mixed-use developments, subject to assessment.
Can Assetline fund projects already under construction?
Yes. Assetline can consider projects at various stages of the development lifecycle, including those already under construction.
What loan sizes are available?
Development finance facilities are available from $5 million to $40 million, subject to lending assessment.
Does Assetline fund experienced developers?
Yes. Assetline regularly partners with experienced developers seeking flexible, commercially structured development finance solutions.
Can Assetline refinance an existing development facility?
Yes. Assetline can consider refinancing existing development facilities where additional flexibility or funding is required.
