In this edition, we cover the latest news on what's been happening in the finance industry as well as a snippet of our latest funding project which we are currently working on that are certain to be of interest to you.
We hope you enjoy the newsletter and as always, please contact us on 1300 728 796 if you have any questions or need our assistance with commercial finance.
RBA delivers rate cut
The Reserve Bank of Australia (RBA) has cut the cash interest rate by 25 basis points, following its board meeting today.
The cash rate has been lowered to 3.0 per cent, from 3.25 per cent, to a 49-year low...read more
Source: The Australian 07 April 2009
Raptis revival plan
CREDITORS have approved a plan to get troubled Gold Coast developer, the Raptis Group, back on its feet.
The group went into voluntary administration under BRI Ferrier in January after several of its major developments went bust, including the $700 million Hilton Hotel site in the heart of Surfers Paradise...read more
Source: Gold Coast Bulletin 31 March 2009
Storm misled creditors online: court
Storm Financial has misled creditors about their chances of recuperating money, a court has been told.
During an application in the Federal Court in Brisbane on Tuesday, lawyers for the national securities watchdog said an information memorandum published on Storm's website last week was "misleading and confusing" to ordinary creditors of the embattled company.
Barrister for the Australian Securities and Investments Commission Robert Newlinds SC made the statement during an application to have Storm wound up and put into liquidation...read more
Source: Brisbane Times 25 March 2009
Babcock creditors search for crumbs
Creditors of the collapsed fund management group Babcock & Brown were meeting this morning to work out the next steps as to the prospects of recovering any money from their exposed investments.
Little more than three dozen creditors attended the meeting at the Shangri-La Hotel in Sydney, which had been called by the company's administrators Deloitte Touche Tohmatsu.
The meeting is the first stage in the unravelling of the company's affairs and its financial position following its dive into administration little more than a week ago...read more
Source: Brisbane Times 25 March 2009
Current Funding Available
B2B Capital can assist with the following funding options currently available which are as follows:-
- DA Approved Sites
- Distressed Projects
- Partially Complete Projects
- Completed Projects
B2B Capital has the ability to supply short term finance for acquisitions, refinance, development and construction for residential, commercial and industrial properties.
We can coordinate and structure finance packages to include the following:
- Senior debt
- Mezzanine funding
- Joint Ventures
This additional financial leverage can facilitate:
- Mergers and acquisitions financing
- An emerging growth opportunity
- A management or other leveraged buyout
- Corporate debt refinancing
- Recapitalization
- Commercial property development
Interest rates and fees associated with any loan approval will vary according to the type and complexity of the loan. All interest and fees will generally be capitalised within the loan facility.
