Funding showcase
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 industrial developments.
Every approved loan transaction that we make available as an investment
opportunity is presented with a detailed Information Memorandum.
Avalon Beach, NSW
Luxury waterfront dwelling | $17.044M | 64.34% LVR
This opportunity was to fund the balance of construction works for the development of a luxury waterfront ‘trophy home’ in Avalon Beach NSW.
This Project, by international award-winning, celebrity landscape designer, Jamie Durie, is set to be one of Australia’s first residential dwellings certified by independent sustainability ratings agency, Green Building Council of Australia. The sustainable build saved 178 tonnes of CO2, which is the equivalent of taking 39 cars off the road or planting 7,000 trees.
On choosing Zagga to fund the Project, Mr Durie commented “I met with at least nine traditional banks and non-bank lenders on this project and Zagga stood out because of its specialist capabilities and bespoke structuring of terms”.
Rose Bay, NSW
Luxury boutique apartments | $34M | 65% LVR
This opportunity was for the construction of 4 luxury boutique residential apartments where each full-floor unit boasts expansive views of the Sydney Harbour Bridge, basement parking, ensuite bathrooms, and walk-in wardrobes.
Based on the Sponsors’ recent experience across other projects and, combined with their intricate knowledge of the market, they identified the potential to significantly increase the Project’s underlying profit margin by selling closer to, or on, completion of the Project, rather than selling off the plan which is a major bank requirement.
As such, the Sponsors, who had been long-term major bank clients, chose to secure their first facility in the non-bank sector with Zagga, despite receiving funding offers from major banks.
Melbourne, VIC
Refurbishment of commercial office | $28M | 44.18% LVR
The provision of construction funding was for a major refurbishment, including the construction of 2 additional floors of light weight steel structure, for an existing commercial office building in Flinders Lane, Melbourne.
The Developer acquired the heritage listed property in 2021, under a value-add strategy to improve the under-utilised building, increase building NLA, attract premium tenants and increase rent/sqm.
The Developer had delivered upgrades to multiple commercial office buildings throughout both Melbourne and Sydney CBDs, leveraging past successes and relationships within its portfolio to drive tenant interest.
Mosman, NSW
Mixed-use redevelopment site | $45.35M | 65% LVR
The provision of construction funding in the form of a senior debt facility was for a mixed-use redevelopment, located in one of Sydney’s most prestigious areas.
The Project encompassed the transformation to a boutique four-story apartment building comprising seven luxury residential apartments and one retail lot with views of Sydney CBD and Harbour Bridge, Balmoral Beach, and Middle Harbour.
The Sponsors, being highly-experienced and repeat Zagga clients, identified the potential to significantly increase the Project’s underlying profit margin by selling closer to, or on, completion of the Project, rather than selling off the plan, making this a compelling redevelopment opportunity promising significant market appeal.
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Bondi Beach, NSW
Future mixed-use development site | $11M | 65% LVR
This loan opportunity was for the acquisition of an existing mixed-use site overlooking Bondi Beach for highly-experienced counterparties as they ran DA approval process for an improved mixed-use site. Interest Coverage Ratio from cash on deposit was less than the required 1.3:1 due to rate rises, hence the loan from Zagga involving capitalised interest became their favoured option.
Box Hill, NSW
Land subdivision | $12.2M | 69.34% LVR
This investment opportunity was for provision of funds for subdivision of 18 residential lots with 2 residual lots on a cost to complete basis within the relatively new suburb of Box Hill, currently undergoing significant development as part of the NSW Government’s North-West Priority Growth Area.
Collingwood, VIC
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 was to provide time for the Borrower to finalise remaining lease agreements.
Kingston, TAS
Master planned community | $9.5M | 65% LVR
This investment opportunity was for the settlement of a master planned 80-lot housing development and delivery of 18 townhouses. Designed by well-regarded architects, the entire plan includes a mix of low, medium and high-density residential living, retirement living options including commercial office space, aged care, medical, residents clubhouse, retail, and cinema complex.
Pyrmont, NSW
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 5-level commercial office building, designed by a highly acclaimed architectural firm and perfectly positioned to take advantage of the future growth of the hospitality and cultural elements of the suburb.
Silverdale, NSW
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’s own due diligence on the appointed Tier 3 builder, and their subcontractors/consultants, confirmed the private builder showed necessary experience to complete a project of this nature and size.
Bowral, NSW
Townhouse development | $9.8M | 59.92% LVR
This investment opportunity was for the provision of funds for the construction of 7 over-60’s luxury standalone dwellings, each consisting of 3-bedrooms, 2.5 bathrooms, a study and double garage by a boutique company with extensive experience in property development.
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, where construction on the project had commenced earlier in the year with 6 presales, representing over 50% in net presale cover.
Dee Why, NSW
Luxury residential apartments | $16M | 43.31% LVR
The provision of funds to a highly experienced developer for the construction of a 4-storey residential development. This would typically be considered a ‘bank deal’, however the borrower opted to proceed with Zagga for the construction facility as we could accommodate a lower presales requirement.
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.
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.
Warrawong, NSW
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 in a prime location, only 8 kilometres south of the Wollongong CBD, on a major arterial road.
Additional Zagga-funded projects
