News
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QFG Secures Structured Finance Package for Project in West End
QFG structures a 1st Mortgage and Preferred Equity Finance Package at VIDA – West End QFG was engaged, by a repeat client, to secure a structured finance package for an iconic development on the Brisbane River at West End. Finance for a 1st mortgage was obtained at 80% of total development costs, this was sourced from a second tier bank. The loan amount was $61,000,000 PLUS a GST facility of $500,000. A $12,800,000 preferred equity package was secured which represented 72% of ...
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QFG Client in the News
Five levels of quality create new standard-CM-18Jan New year new focus-CM-18Jan
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QFG Client Article
Popularity on the rise with penthouses
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QFG Secures 1st and 2nd Mortgage Finance at Gateway Apartments – Mackay
QFG Secures 1st and 2nd Mortgage Finance at Gateway Apartments – Mackay QFG was engaged, by a repeat client, to secure a structured finance package in a regional location for a residential development. Regional locations have, once again, proved difficult to secure finance in, especially where a 1st and 2nd mortgage package is required. Finance for a 1st mortgage was obtained at 80% of total development costs, this was sourced from a second tier bank. The ...
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Westpac Weekly
Highlights: -The case for an August rate cut builds - Australian data: Westpac–MI leading index - NZ data: Q2 CPI - China data: Q2 GDP - Fedspeak: Chair Bernanke's semi-annual testimony - US data: retail sales, CPI, industrial production, and housing starts & permits - Key economic & financial forecasts. Download Report
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The Finance Professional – Issue 15
http://www.thefinanceprofessional.com.au/emagazine/issues/Issue15/magazine.html
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Property settlements to go electronic
The era of physical title and bank cheque exchanges during property settlements may be over with the introduction of an online property platform. Property Exchange Australia (PEXA) is to be the real estate equivalent of the Australian Stock Exchange (ASX), according to a Marcus Price, chief executive officer of the system’s developer, National e-Conveyancing Development Limited (NECDL). “It’s a similar process the ASX went through when they went from share script to a digital register,” Price says. “It’ll ...
