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December 14, 2024
What Can You Expect?
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INDUSTRY EXPERT
Our Industry Experts present on topics relevant to you and address the challenges that you will face on your property development journey
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REAL DEAL
These are members of the community presenting their own deals, showcasing the good / bad and the sometimes 'ugly'
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MASTERMINDING
Our very unique Masterminding process where we help you to overcome your current challenges so that you can achieve a successful return
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+ NETWORKING
Don't forget the after meeting drinks...where many a JV partnership is found and at times this part can go for as long as the formal meeting, so be sure to get a 'leave pass' to join us!
Saturday - December 14
Development Finance - From No to Yes (CrowdProperty) + 1 into 3 Subdivision (Andrew Carmichael)
Bringing together the collective knowledge & experience of your local community to assist you in progressing on your Property Development journey.
In-Person: 1:30 pm (Sydney) to 'Mingle With The Expert'
Virtual: 2pm (Sydney time)
*** Let's Celebrate ***
Stay on after the Meetup to celebrate Christmas - PDN style!
AND... you know what that means?
It’s Rob’s shout!
To kick off the festive season join us for a VERY HAPPY HOUR! with Rob shouting the drinks & nibbles!
Plus... to add to the fun & frivolity...
SECRET SANTA!
The PDN community is like one big family – SO – we ask that everyone who attends our Christmas Party Meetup bring along a Secret Santa present (up to the value of $25) to put under the PDN Christmas Tree.
We'll have drinks & nibbles after we play SECRET SANTA! and yes, stealing a previously opened gift is allowed 😜
EVERYONE WELCOME but space will be LIMITED, so please RSVP TODAY so you don't miss out!
We can't wait to share a drink (or three) with you then!
In-Person: 1:30 pm (Sydney) to 'Mingle With The Expert'
Virtual: 2pm (Sydney time)
*** Let's Celebrate ***
Stay on after the Meetup to celebrate Christmas - PDN style!
AND... you know what that means?
It’s Rob’s shout!
To kick off the festive season join us for a VERY HAPPY HOUR! with Rob shouting the drinks & nibbles!
Plus... to add to the fun & frivolity...
SECRET SANTA!
The PDN community is like one big family – SO – we ask that everyone who attends our Christmas Party Meetup bring along a Secret Santa present (up to the value of $25) to put under the PDN Christmas Tree.
We'll have drinks & nibbles after we play SECRET SANTA! and yes, stealing a previously opened gift is allowed 😜
EVERYONE WELCOME but space will be LIMITED, so please RSVP TODAY so you don't miss out!
We can't wait to share a drink (or three) with you then!
CrowdProperty - David Ingram
David Ingram is CEO and co-founder of CrowdProperty with capabilities developed through a career in strategic advisory and operations spanning the property, fintech and healthcare industries in both Australia and the UK.
CrowdProperty is a marketplace lender and investment manager. It provides project loans to small-scale residential property developers to help build more sorely needed homes in Australia. It sources the funds from private investors — retail, wholesale, and institutional investors, including SMSFs — who earn a target income return from the project loans they invest in. Founded in the UK in 2013, and since funding the construction of over 3000 homes worth over $1.25bn, CrowdProperty launched in Australia in 2021 to help solve the #1 issue for small-scale developers — access to debt finance.
CrowdProperty is a marketplace lender and investment manager. It provides project loans to small-scale residential property developers to help build more sorely needed homes in Australia. It sources the funds from private investors — retail, wholesale, and institutional investors, including SMSFs — who earn a target income return from the project loans they invest in. Founded in the UK in 2013, and since funding the construction of over 3000 homes worth over $1.25bn, CrowdProperty launched in Australia in 2021 to help solve the #1 issue for small-scale developers — access to debt finance.
Industry Expert
Development Finance – From No to Yes
Have you ever found a cracker of a deal – BUT – lost it because you just couldn’t get the finance over the line?
AUGHHH! Getting finance for development sites can be tough in today’s market!
It’s devastating to be forced to crash a contract because you can’t secure finance! And worse still, depending on the clauses in your contract, you may even lose your deposit! Yikes!
SO – how can you increase the odds of your finance application being approved?
Great question! To help answer it, at this Meetup we have the experts from CrowdProperty joining us to share what lenders are looking for, including:
- Who is in your team: builder, project manager, partners, suppliers?
- How well do you know your numbers: feaso, budget, profit on cost analysis?
- Why location of the project is critical.
- How the number of dwellings in the project affects your application.
- What is your exit strategy?
- Stress testing your deal.
- Project timelines.
- Building good relationships with your lenders.
Lenders are inundated with finance applications and many have the mantra “A quick no is a good no”.
Come along to this Meetup to learn how to break through the noise and turn a quick no into a solid YES!
Have you ever found a cracker of a deal – BUT – lost it because you just couldn’t get the finance over the line?
AUGHHH! Getting finance for development sites can be tough in today’s market!
It’s devastating to be forced to crash a contract because you can’t secure finance! And worse still, depending on the clauses in your contract, you may even lose your deposit! Yikes!
SO – how can you increase the odds of your finance application being approved?
Great question! To help answer it, at this Meetup we have the experts from CrowdProperty joining us to share what lenders are looking for, including:
- Who is in your team: builder, project manager, partners, suppliers?
- How well do you know your numbers: feaso, budget, profit on cost analysis?
- Why location of the project is critical.
- How the number of dwellings in the project affects your application.
- What is your exit strategy?
- Stress testing your deal.
- Project timelines.
- Building good relationships with your lenders.
Lenders are inundated with finance applications and many have the mantra “A quick no is a good no”.
Come along to this Meetup to learn how to break through the noise and turn a quick no into a solid YES!
Andrew Carmichael
Andrew Carmichael has a background in construction and is a licenced builder with a volume building business constructing project style homes throughout the Sydney metropolitan area. His property development journey started with a buy, renovate and long-term hold strategy purchasing negatively geared properties. Eventually, he hit a finance brick wall and the banks deemed him at capacity for serviceability levels. He then decided to pivot into a subdivide/build strategy, and also tried a renovate and flip strategy which yielded average results.
Andrew has a 1 into 2 lot subdivision and separate townhouse project and a single knock down rebuild new house project in the pipeline.
Andrew has a 1 into 2 lot subdivision and separate townhouse project and a single knock down rebuild new house project in the pipeline.
'Real Deal' Presentation
1 into 3 Subdivision plus Townhouse Build
853m2, R2, Newcastle City Council, New South Wales
Have you ever heard the saying, “You don’t know what you don’t know”?
You would expect a builder to be able to crush it on their first development project? Right? Well… not even a builder has all the answers OR even knows the right questions to ask!!!
Andrew went into this project blind, with little capital, and without all the “answers” that most developers think they need.
While there were many aspects of the construction that Andrew was all over, there were several challenges he encountered in others:
- funding the deal was challenging
- the development took longer than expected
- the neighbouring boundary fence encroached 400 millimetres onto his land
- long distance from where he lived
- local builders’ quotes came in much higher than the budget
- COVID restrictions came in at the start of the build
- not having the right knowledge and skills to complete the subdivision
Come along to this Meetup where Andrew’s going to break down exactly how he navigated the chaos, what he learned the hard way, and how those massive challenges led to his biggest realisation yet: opportunity cost—how not knowing where you’re wasting time and money can be your biggest hidden killer in development.
If you’re serious about breaking through and making real moves in property development, this is one meetup you won’t want to miss.
853m2, R2, Newcastle City Council, New South Wales
Have you ever heard the saying, “You don’t know what you don’t know”?
You would expect a builder to be able to crush it on their first development project? Right? Well… not even a builder has all the answers OR even knows the right questions to ask!!!
Andrew went into this project blind, with little capital, and without all the “answers” that most developers think they need.
While there were many aspects of the construction that Andrew was all over, there were several challenges he encountered in others:
- funding the deal was challenging
- the development took longer than expected
- the neighbouring boundary fence encroached 400 millimetres onto his land
- long distance from where he lived
- local builders’ quotes came in much higher than the budget
- COVID restrictions came in at the start of the build
- not having the right knowledge and skills to complete the subdivision
Come along to this Meetup where Andrew’s going to break down exactly how he navigated the chaos, what he learned the hard way, and how those massive challenges led to his biggest realisation yet: opportunity cost—how not knowing where you’re wasting time and money can be your biggest hidden killer in development.
If you’re serious about breaking through and making real moves in property development, this is one meetup you won’t want to miss.
Pricing & Ticket Options
Pricing & Ticket Options
'Existing Annual Member' (Included for you, simply RSVP below)
'Casual Attendee' ($25 for 1 meeting only)
'Annual Member' ($250/year)
OR.....If it's your FIRST TIME
You can trial our PDN Annual Membership for JUST $1!
'Existing Annual Member' (Included for you, simply RSVP below)
'Casual Attendee' ($25 for 1 meeting only)
'Annual Member' ($250/year)
OR.....If it's your FIRST TIME
You can trial our PDN Annual Membership for JUST $1!
December 14, 2024
**Space Is Limited - RSVP NOW**
Partners & Affiliates
Partners & Affiliates
