Burberry Road Subdivision

“ASAP Finance didn’t just fund our project—they became an integral part of our development team.”

Our venture at Burberry Road was an ambitious undertaking: transforming a 4.6-hectare parcel into a 154-lot subdivision in the rapidly growing Karaka region. With full consents secured and our contractor ready, we aimed to complete the development within a single season, balancing a strategy of selling 50% of the lots and retaining the remainder for long-term investment.

From our initial engagement, ASAP Finance stood out. Referred by our broker at CBRE, we were immediately impressed by their tailored approach. Dan, our lending manager, took the time to understand the nuances of our project, especially our unique 50/50 GST position. He crafted a development funding structure that addressed our cash flow requirements from the outset, ensuring financial stability throughout the project.

While the initial pricing was higher than anticipated, ASAP’s transparency and willingness to negotiate instilled confidence. They committed to reviewing the rates in line with market movements, and true to their word, adjusted the rates favourably when the OCR dropped.

Throughout the project, ASAP’s support was unwavering. Progress payments were processed swiftly, and Dan maintained open lines of communication with our project manager, QS, and consultants. This cohesive collaboration ensured that any challenges were addressed promptly, keeping the project on schedule.

A pivotal moment was ASAP’s insistence on addressing a traffic-related consent condition early in the process. Initially, we underestimated its significance, but as we approached practical completion, it became clear that their foresight was invaluable. By resolving this issue early, we avoided potential delays in obtaining our 224c certification.

Now, as we reach the titling stage, we’re proud to reflect on a project that progressed smoothly and efficiently. The partnership with ASAP Finance was instrumental in this success.

“ASAP Finance is more than a lender – they’re a trusted partner who brings expertise, integrity, and a genuine commitment to your project’s success.”