LINK Commercial Mortgages (“LINK”) was established in 1999 to serve and cater to the requirements
of property developers who were seeking viable alternatives to conservative bank lending policies.

Our reputation for integrity and professionalism in the Australian credit sector has been painstakingly
earned over the past almost three decades.

LINK provides construction finance a number of multi-tiered specialist project financiers on a “courses
for-horses” basis to suit your project’s specific requirements.

While brokers use a scatter-gun approach to the wider multi-tiered market, LINK is a specialist finance
consultancy that provides a full financial project management service which means we maintain a
significant involvement in the entire process:

▪ initial project feasibility
▪ engaging the right valuer and quantity surveyor towards optimisation of funding
▪ review of contract builder
▪ credit and property risk assessment
▪ documentation and settlement
▪ attending all on-site Progress Control Meetings
▪ processing builder’s progress payment claims
▪ on-completion sell-down after monitoring pre-sales targets or refinance for long-term
investment after monitoring pre-lease agreements with commercial tenants.

Construction finance involves structuring and managing the financial flows of a project from funding
and budgeting to reimbursing builders and repaying debt on schedule.

LINK specialize in this complex process for both small and large construction projects – we support you
all the way through your project and over many years.

Here are a few key differences between a typical standard bank construction facility and a LINK
construction facility:

▪ Specialization – LINK specializes in construction financing, whereas banks provide all types of loans
and financial services.
▪ Flexibility – LINK provides a more tailored and expertly structured facility to suit the specific project,
this may be straight senior debt, include mezzanine debt, and even preferred equity.
▪ Other structural aspects – Staged pre-sales hurdles allow a project to kick-start with a minimum
number of presales. Activity on a project site stimulates pre-sales, hence mile-stones are set
throughout the project to a required level.
▪ Risk Tolerance – There are a number of risks that are specific to construction. Specialised project
financiers have strong expertise and higher tolerance for risk in complex construction projects.

▪ Specialisation – Banks offer a one-size-fits-all standardized construction loan “product”; LINK
provides more flexibility facilities that are structured to suit the dynamics of each specific project.
▪ Underwriting – Our specialisation in project finance allows LINK to analyse and endorse a project
finance proposal to the most suitable source of finance. Approvals typically occur faster than the
banks with their multi-tiered systems of checks and cross-checks.
▪ Oversight – LINK provides more hands-on oversight and management throughout the entire
construction process compared to periodic check-ins by a bank.
▪ Whole of Project Involvement – over the past decades, LINK has financed initial site acquisition,
development stage, construction, end-purchaser acquisition, and take-out finance including long
term commercial investment loans.

In summary, while banks provide a wide array of fixed “products”, LINK provides more customized
construction financing with specialized expertise, flexible structures, and more active oversight of each
unique project.

Choosing LINK to financially manage your next project, you could gain quicker outcomes, enjoy more
flexibility to suit your project’s specific needs, benefit from cost savings, and smoothly transition through
your project with our personalised and professional services.
Contact our LINK today to find out about our financial project management services and to finance
your next property development project.

Disclaimer

The information in this article is of a general nature and is not intended to address the circumstances of any particular individual  or entity. Although we endeavour to provide accurate and timely information, we do not guarantee that the information in this  article is accurate at the date it is received or that it will continue to be accurate in the future.