An Established Partner

Bevan Wood is a qualified quantity surveyor with nearly two decades of experience in the construction industry. His relationship with Bruce began in 2004 when Bruce served as his first bank manager. Over the years, this partnership has grown, characterised by understanding and mutual respect.

Bruce notes, “Bevan is a one-stop shop. He does his own plans, knows his numbers, and works seamlessly with our quantity surveyor. Everything is on time, within budget, and more importantly, he knows that we understand him.”

Delivering Success with Flexibility and Expertise

As an alternative lender, FMT often provides tailored lending solutions that traditional banks can’t or won’t, which this project highlights. Bevan said that mainstream banks couldn’t finance the development due to a partnership structure that didn’t meet their criteria: “Projects like this, where we’ve got partners and internal sales, aren’t recognised by banks because the partners aren’t at arm’s length.”

With over four decades of experience in property lending, Bruce saw the project’s potential immediately. “This deal would stack all day long as a finance opportunity. There’s a ton of equity in it, but it just didn’t fit the criteria of mainstream banks.”

This flexibility and willingness to understand our borrowers’ unique circumstances is part of what sets FMT apart when it comes to lending.

Looking Ahead

As FMT continues to support borrowers like Bevan, our focus remains on fostering partnerships that go beyond the transaction. For every project, our goal is to add value, mitigate risk, and help our borrowers achieve their vision. The success of this project exemplifies FMT’s commitment to understanding and meeting our borrowers’ needs.

For us, it’s not just about property lending – it’s about building lasting relationships that drive mutual success.