How Can We Help? JOHN HOWARD RECOVERY FUND
WE CAN ACT AS CONSULTANTS
John’s team have experience acting as consultants at various stages of development. Sometimes, they are involved from the beginning of a project to ensure developers don’t run into problems, on occasion, they also become involved at a later stage when difficulties have become apparent.
JOINT VENTURE OPPORTUNITIES
The ‘John Howard Recovery Fund’ can work alongside an existing developer to bring in capital and expertise, ensuring the project concludes most efficiently and cost-effectively. A receiver selling a part-completed site is rarely the best outcome for the lender or the developer; therefore, getting in touch with us early is often the best option for everyone involved.
We have extensive experience in buying sites directly from lending institutions and receivers. In these cases, we can purchase the site, take the project on, and identify previous challenges and future potential stumbling blocks to ensure a successful conclusion.
WHY CHOOSE THE JOHN HOWARD RECOVERY FUND?
We are a highly experienced and dynamic team that can act quickly and with the necessary skill sets. The ‘John Howard Recovery Fund’ have capital ready to be deployed for suitable projects. We are prepared to make intelligent commercial decisions to ensure the best outcome for those involved and the communities we impact.
A developer of nine units had experienced considerable delays and cost overruns, and the lenders had lost confidence in the developer. The contractor was close to walking off the site due to non-payment, leaving approximately two months of work outstanding. The lender was threatening to appoint a receiver.
We assessed the deal and injected funds to complete the project and oversee build completion and the sales and marketing. The lender and developer achieved a better outcome than appointing a receiver. In these cases where we act as a joint venture partner, we can maintain the utmost
confidentiality and excel.