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

Project	Status	Current value	Debt	Rate	Interest p.a.	Offset funds	Land price	Deposit	GRV
65 Eva St, Coorparoo	Active	$2,800,000	$1,855,000	6.50%	$120,575	$500,000	$1,750,000	$514,500	$5,900,000
98 Tranters Ave, Camp Hill settles 16 Nov	Active	$4,650,000 (bank val)	$0	7.00%	$0 (undrawn)	—	$3,650,000	$1,080,000	$15,500,000
117a Tranters Ave, Camp Hill	Active	$7,500,000 (appraisal)	$3,700,000	6.75%	$249,750	$510,000	$1,700,000	$584,500	$6,900,000
28 Durimbil St, Camp Hill	Active	$2,000,000	$3,950,100	6.00%	$237,006	$1,000,000	$1,550,000	$590,000	$4,500,000
36 Framont Ave, Holland Park	Shell	$2,600,000 (land)	$0	—	—	—	—	—	$2,600,000
Portfolio	5 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.