Property Capital Partners
Marshall Investments specializes in partnering with property owners and developers in providing funding solutions. The company actively partners with property owners in the provision of development and investment funding into commercial, residential, industrial and retail property via debt structures. Investments are made across the capital structure, including senior debt, mezzanine debt, preferred equity and equity.
In the last 10 years, the group has facilitated projects with a value of over A$2.6b and the construction of over 3,200 units across more than 50 projects. Marshall Investments has deployed funds not only into the residential sector, with the portfolio having exposure to commercial, retail and other alternate property classes.
Our established co-investment model aligns the interests of all stakeholders, including developers, property owners, advisers, capital arrangers, and investors. Sustained excellence has been achieved through a disciplined risk management approach with a strong governance framework and the implementation of investor-centric debt structures that reduce exposure, maximise returns and minimize capital loss.
First mortgage
We can provide first mortgage funding, however, do not provide construction funding
MEZZANINE DEBT
We provide mezzanine debt funding for property developments and property investment assets
Preferred Equity
We partner with developers to provide preferred equity for their projects and assets
Equity
We can partner with our most strategic clients with equity contributions
First mortgage
We can provide first mortgage funding, however, do not provide construction funding
MEZZANINE DEBT
We provide mezzanine debt funding for property developments and property investment assets
Preferred Equity
We partner with developers to provide preferred equity for their projects and assets
Equity
We can partner with our most strategic clients with equity contributions
We typically consider the following opportunities, where they meet our asset selection criteria:
| Loan Size | Term | Asset Class |
|---|---|---|
|
Loan sizes between $2m - $25m |
Duration between 6 months - 36 months |
• Residential • Office • Industrial • Hospitality • Childcare • Retail |
| Project Phase | Location | Valuation |
|
• Land • Development • Completed Assets |
• Metro • Regional |
Asset end values ranging between $10m - $150m |
- CURRENT INVESTMENTS
A selection of the types of transactions that we have undertaken include:
ACT – residential townhouse development – $13M mezzanine debt
- A$2.2m loan to facilitate land acquisition for ~1 year, followed by a A$10m mezzanine debt construction facility to facilitate construction of the project, followed by an additional $3m loan to assist with working capital requirements.
- Marshall Investments provided a preferred equity facility to assist the developer to acquire the site and market for presales.
- The project enjoyed strong market acceptance from owner occupiers with a significant number of townhouses sold off the plan. Marshall Investments then partnered with a local bank to provide a construction facility to assist with the development of over 150 townhouses.
- Marshall Investments were fully repaid on completion of the project and are currently assisting the developer to acquire and develop other sites with the same funding strategy.
Northern Sydney – commercial asset – $3m preferred equity
- A$3m for ~7 months
- Marshall Investments provided a preferred equity facility to provide an equity release from a commercial office building.
- The sponsor used the proceeds to meet its equity contribution requirements to activate construction on an unrelated development in Sydney. Marshall Investments was repaid from a refinance of the commercial office building with a local bank after a valuation uplift.
North West Sydney – land facility - $10m senior debt
- Marshall Investments provided a dual-tranche registered first mortgage on a development site at a high LVR and took a preferred equity position over a separate residential development, which was mid-way through construction.
- Marshall Investments was repaid one tranche of the land facility from the sale proceeds on completion of the residential development and retained the other tranche on the development site for land banking. This allowed the developer to achieve a high LVR land loan initially as a bridge until they completed their residential development, after which time they reverted to terms more typical of a senior land banking facility.
Gold Coast – residential apartment development - $2.3m mezzanine debt
- Marshall Investments provided a mezzanine debt facility registered behind a local bank to assist in the development of luxury apartments in Queensland.
- During construction, Marshall Investments supported the developer by providing a senior debt facility to assist the developer settle on a new site for future development.
Western Sydney – residential apartment development - $10m preferred equity
- Marshall Investments provided a rolling A$10m preferred equity facility which facilitated the construction of over 300 residential units across multiple stages.
- Marshall Investments had interest paid down at the completion of each stage with the facility fully repaid with the proceeds from settlements in the final stage.
ACT – residential apartment development – A$10m mezzanine debt
- Marshall Investments provided a $10m mezzanine debt facility behind a major bank which facilitated the construction of over 200 residential units in a single development.
- Marshall Investments has subsequently assisted this developer to finance hospitality assets in their portfolio.
INVESTOR ENQUIRIES
on +61 2 8239 2000 or property@marshall.com.au
BORROWER/ ADVISOR/ BROKER ENQUIRIES
on +61 2 8239 2000 or property@marshall.com.au
