The focus here is to minimise level of equity contribution from the developer. Typically, this is for developers that have the opportunity to do more than one project at the same time and they might want to spread their available equity over multiple projects.
The focus here is to accommodate relatively inexperienced developers. Typically, these high net worth individuals or groups have been working in the property industry for an extended period, maybe as a builder, contractor or investor, but have never developed their own project.
The focus here is on funding projects with a higher than normal Total Development Cost. Typically, we will classify any project with a Total Development Cost of more than $75 million as a major project.