During 2020, in a climate of low presales and pandemic restrictions, CVS Lane provided an accomplished Sydney developer with a $17 million structured senior debt facility, funding the construction of their five-level, 17 unit boutique apartment development in the beachside suburb of Cronulla.
CVS Lane worked collaboratively with the client and their existing financier to refinance existing debt and activate the development within a tight time-frame.
With the impressive efforts of the client and support of CVS Lane, the project was completed and the facility fully repaid, three months ahead of plan.
A CVS Lane client acquired a 1,984 square metre development site located in inner east Melbourne, with a view to proceeding with a boutique mixed use development, incorporating 40 residential dwellings and two retail units.
In August 2020 CVS Lane provided a first mortgage land facility to assist with the acquisition. CVS Lane subsequently extended the facility to assist the client fund preliminary development costs.
The land facility was successfully repaid within 21 months as the client progressed to the construction phase, supported by a second mortgage construction facility provided by CVS Lane.
In December 2015, CVS Lane provided a $20.6 million preferred equity facility to assist the with acquisition of a distressed debt position in a 42-hectare, future residential land subdivision site on the Gold Coast.
The CVS Lane preferred facility, which included a profit share component, was successfully repaid in July 2021.
In early 2022 CVS Lane provided a funding facility for Stage One of a state-of-the-art retirement village in a northern Brisbane suburb.
Stage one will consist of 53 self-contained residences (known as Independent Living Units or ILUs) as well as key common areas for the entire three-stage complex. When fully completed the 3.9-hectare site will comprise 145 ILUs, with an expected end value of approximately $63 million.
With migration into south-east Queensland currently at unprecedented levels the development is designed to meet rapidly growing demand from retirees in the local catchment area.
During 2020 CVS Lane provided two first mortgage land facilities ($10 million and $26 million respectively) to assist a Queensland-based client acquire two beachfront parcels of land on the Gold Coast.
The adjoining parcels were to be developed into a mixed-use hotel and residential complex across two towers, comprising 132 hotel rooms and 92 residential apartments. The facilities were repaid in March 2022.
A further $4.41 facility was provided in late 2021 to assist with early development works.


In mid-2022 a CVS Lane client needed to finance its acquisition of a 128-hectare future development site in the Geelong region, in what is a major high-demand designated urban growth zone, earmarked for a large residential development.
CVS Lane provided a $75 million facility to fund the acquisition and assist the client achieve its strategic intent of on-selling the property to another party who was progressing with development plans.
In early 2021 CVS Lane provided a $10 million first mortgage land facility to a client who had acquired a 7610 square metre development site in outer Melbourne, over a 12-month term.
The facility was designed to assist the client refinance its acquisition facility with another lender.
At the time of acquisition the site housed a commercial building occupied by a long term tenant.
Due to a range of unforeseen circumstances, including the impact of the COVID-19 pandemic, the client pivoted away from an initial concept to build an international school on the site to focus on the development of a mixed-use project.
CVS Lane worked with the client to support this endeavour and the CVS Lane facility was fully repaid within 12 months.
Conversion to residential development
Having acquired a 10, 042 sqm commercial office park in a southern Sydney CBD suburb, a CVS Lane client lodged a development application to build a 300-apartment residential building and make a range of improvements to the site.
Initially, CVS Lane provided a $22 million first mortgage bridging facility over 24 months to assist the client re-finance its existing land facility while it progressed its approval and development strategy.
CVS Lane worked with the client to restructure this facility several times over the next few years (including an increase to the limit and an extension to the term), to support the client to meet its commitments to a range of other stakeholders as part of the planning and approval process.
In the second half of 2022 the client secured development approval, satisfied a range of other requirements and the early stages of construction had commenced.
Over the course of 2019 to 2022 CVS Lane provided a range of funding solutions for an innovative commercial development in inner city Melbourne.
Following an initial funding facility to assist with land settlement, CVS Lane provided a construction facility during the peak of the COVID-19 pandemic in 2020. The pandemic had  not only led to a range of delays beyond the client’s control, but also cast doubt on the future of the commercial office market more broadly.
Despite the uncertainty that characterized the period, the nine-story building (7000 square metre net lettable area) was close to 90% pre-leased to several globally renowned brands before it was completed during 2022.
The delivery of the project and the strong leasing outcome was a credit to the resilience and foresight of our client in what was a challenging time for the office market.
In late 2020, CVS Lane provided a $53 million senior stretch construction facility for an eight level, 101 apartment residential development on the Sunshine Coast.
The facility was fully repaid in July 2022, a great result for our client and the purchasers, despite ongoing disruptions during construction caused by sustained adverse weather and COVID-19 related supply chain issues.
CVS Lane worked with our client across the entire lifespan of this project, commencing with an initial acquisition facility of $4.45m to secure the site.