Zagga has worked with developers large and small. Projects which we have funded to date range from
simple residential projects to multi-million-dollar commercial and residential developments.
Every approved loan transaction that we make available as an investment
opportunity is presented with a detailed Information Memorandum.
Sans Souci, NSW
High density residential | $34M | 60.95% LVR
Refinance of major bank land-loan with provision of construction facility for the funding of 38 residential apartments and four commercial spaces for experienced counterparty.
Major Bank wanted a higher presale covenant upon commencement, at 75% coverage, and we were at 25% coverage. This allowed the Borrower to commence faster and suited the nature of marketing luxury projects with a preference to sell later in the project as opposed to off the plan.
Redevelopment of shopping centre | $36M | 51.30% LVR
Redevelopment of a pre-existing local shopping centre, with locked in preleases including an ASX listed anchor tenant in place upon completion.
Major Bank provided stumbling blocks around the appointed builder, requesting a Tier 1-2 builder. Zagga went through its own due diligence on the appointed Tier 3 builder, and their subcontractors/consultants, where the private builder showed the necessary experience and substance to complete a project of this nature and size.
Bondi Beach, NSW
Future mixed-use development site | $11M | 65% LVR
The purpose of this loan opportunity was for the acquisition of an existing mixed-use site overlooking Bondi Beach (retail and residential) for highly-experienced counterparties as they run DA approval process for an improved mixed-use site.
Interest Coverage Ratio (ICR) from cash on deposit was less than the required 1.3:1 due to rate rises and hence the loan from Zagga involving capitalised interest became their favoured option.
Industrial warehouse development | $27.8M | 65% LVR
This opportunity was for the construction of an industrial development project, comprising of eight warehouse units and seventy-seven storage units.
Situated within the established Kirrawee industrial precinct, the purpose of this loan transaction was to assist with completing the acquisition and funding construction on a cost-to-complete basis.
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Townhouse development | $9.8M | 59.92% LVR
This investment opportunity was for the provision of funds for the construction of seven over-60’s luxury standalone dwellings, each consisting of three-bedrooms + study, 2.5 bathrooms and double garage.
The Developer, a boutique company with extensive experience in property development successfully completed several similar luxury projects in the Southern Highlands.
Castle Hill, NSW
Townhouse development | $16.86M | 66.32% LVR
This loan opportunity was to fund the construction of 14 residential townhouses on a cost to complete basis.
Construction on the project had commenced earlier in the year with six townhouses presold, representing over 50% in net presale cover, with more to follow as the construction progressed.
Master planned community | $9.5M | 65% LVR
This investment opportunity was for the settlement of a master planned eighty-lot housing development and for delivery of 18 townhouses.
Designed by well-regarded architects, the entire master plan includes a mix of low, medium and high-density residential living, and retirement living options including aged care. In addition, it includes commercial office space, medical, residents clubhouse, retail, and cinema complex.
Future commercial development site | $16.9M | 65% LVR
This loan opportunity was to provide assistance with the purchase settlement of the property, which was approved for development of a five-level commercial office building, designed by a highly acclaimed architectural firm.
The Property is perfectly positioned to take advantage of the future growth of the hospitality and cultural elements of the suburb makes it a desirable office location for employers.
Box Hill, NSW
Land subdivision | $12.2M | 69.34% LVR
This relatively new suburb of Box Hill in north-western Sydney is currently undergoing significant development as part of the NSW Government’s North-West Priority Growth Area, which includes residential dwellings, infrastructure, and new amenities, with public transport already servicing the area.
This investment opportunity was for provision of funds for subdivision of eighteen residential lots with two residual lots on a cost to complete basis.
Residual stock - commercial office | $14M | 52.01% LVR
This opportunity was converted from a construction facility, funded by Zagga for a sustainable, design-driven, boutique multi-level commercial office.
The purpose of this loan transaction was to provide time for the Borrower to finalise remaining lease agreements on favourable terms to facilitate a refinance to a long-term investment facility with their existing major Bank lender.
North Sydney, NSW
Future residential development site | $13M | 65% LVR
In the highly desirable suburb of North Sydney, this investment opportunity was for the provision of funds to assist with the settlement of an existing block of residential apartments while the Sponsors sought planning approval for future development.
The opportunity was supported by favourable lending parameters, multiple strong exit strategies and further supported by experienced Sponsors who have a demonstrated history of delivery.
Service station development | $9.5M | 70% LVR
Presented as a medium-term investment opportunity for investors, this loan opportunity was to fund the construction of a service station, retail convenience store and fast-food outlet.
The subject site is situated in a prime location, only eight kilometres south of the Wollongong CBD, on a major arterial road.
Additional Zagga-funded projects
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