Overcoming Delayed CCC & Expiring Debt

Our client’s construction loan was expiring, but only 2 of their 4 new builds had passed CCC, and titles were pending. This caused several lenders to consider the security as “non-standard”.

Loan Summary:

• Amount: $2,100,000
• Rate: 7.25% pa
• LVR: 70%
• Term: 6 months (fully capitalised interest & fees)
• Security: 4 newly built residential dwellings

The Challenge:

An expiring construction loan coupled with administrative limbo.

With only half the project compliant and titles delayed, the developer faced intense pressure to find a bridge facility fast.

The Cressida Solution:

• No Valuation Required: Assessment managed entirely in-house to bypass costs and delays.
• Commercial Common Sense: We analysed the council hurdles, understood the pathway to compliance, and backed the developer.
• 100% Capitalised Costs: No monthly servicing required, leaving cash flow free for the finish line.
• Zero Early Repayment Fees: Client can sell down stock and exit the loan early without financial penalties.

The Result

A $2.1M facility that defused the expiring loan pressure. The developer now has a clear 6-month runway to finalise compliance and titles while actively marketing the properties for sale.

At Cressida, we deliver practical funding when traditional lenders can’t. Expiring loan or council delays? Let’s talk.