Development Position Board

LanCon Qld · live from lanconqld.app · development_projects v1.2 · 15 Sep 2026 · top-line spec per Blake
Total project valuation today
$19.55M
5 deals · bank & appraisal values, 15 Sep
Total equity position today
$10.04M
valuation $19.55M − debt $9.51M
Cash available in offsets today
$2.01M
deployable · currently reducing interest
Used servicing p.a.
≈$607k
interest-only on drawn debt · ~$50.6k/mo
Available servicing p.a.
— TBD
definition open: income-based vs bank-covenant surplus
ProjectStatusCurrent valueDebtRateInterest p.a.Offset fundsLand priceDepositGRV
65 Eva St, CoorparooActive$2,800,000$1,855,0006.50%$120,575$500,000$1,750,000$514,500$5,900,000
98 Tranters Ave, Camp Hill settles 16 NovActive$4,650,000 (bank val)$07.00%$0 (undrawn)—$3,650,000$1,080,000$15,500,000
117a Tranters Ave, Camp HillActive$7,500,000 (appraisal)$3,700,0006.75%$249,750$510,000$1,700,000$584,500$6,900,000
28 Durimbil St, Camp HillActive$2,000,000$3,950,1006.00%$237,006$1,000,000$1,550,000$590,000$4,500,000
36 Framont Ave, Holland ParkShell$2,600,000 (land)$0—————$2,600,000
Portfolio5 deals$19,550,000$9,505,100≈$607,331$2,010,000$8,650,000$2,769,000$35,400,000

98 Tranters Ave, Camp Hill

3-house development · GRV $15.5M · bank val $4.65M on $3.65M contract
Deposit committed$1,080,000Bank valuation$4,650,000 (+$1.0M equity)Facility rate7.00% IOSettlement16 Nov 2026Interest once drawn≈$255,500 p.a.

117a Tranters Ave, Camp Hill

Deepest debt position · watch servicing
Debt$3,700,000Rate6.75% IOInterest p.a.$249,750Offset$510,000Net effective debt$3,190,000

28 Durimbil St, Camp Hill

Largest loan · largest offset
Debt$3,950,100Rate6.00% IOInterest p.a.$237,006Offset$1,000,000Net effective debt$2,950,100

65 Eva St, Coorparoo

Rate set to 6.5% (Blake, 15 Sep)
Debt$1,855,000Rate6.50% IOInterest p.a.$120,575Offset$500,000GRV$5,900,000

36 Framont Ave, Holland Park

Shell record — feaso placeholders only
Land value$2,600,000Settlement (recorded)1 Jul 2026 — pastAll cost fieldszeroNextfill with Databuild feaso
Position watch: 98 Tranters settles 16 Nov (62 days) — debt goes from $0 to ~$3.65M land facility at 7% (≈$21k/week once drawn), but enters with +$1.0M bank-valuation equity over contract. 117a sits on $7.5M appraisal against $3.7M debt — comfortable. Framont's recorded settlement date has passed — update or it misreads as settled.
Source: live scrape of lanconqld.app → development_projects (5 rows, all active), pulled 15 Sep 2026 15:15 AEST via the LanCon OS admin API. Adjusted 15 Sep per Blake: 98 Tranters at bank valuation $4.65M (contract $3.65M); 117a at appraisal $7.5M (bank $6.9M); Eva rate set to 6.5%. Servicing = current_loan × rate, interest-only; excludes rates, insurance and holding costs ($8.9k recorded) and counts rental income of $35k p.a. against it. Refine next (with Blake): push adjusted values back into lanconqld.app so dashboard = board; per-deal construction timelines; weekly cash need during builds; Framont fill-in from Databuild.