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Construction
Sydney
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Construction of 17 Townhouses

Katoomba, NSW

Loan Purpose
Assist with the construction of townhouses in Katoomba, NSW
Facility Amount
$9.76MM
LVR
57%
Term
12 months
Security
Residential construction
LTC
78%
Pre-sales
3 of 17 sales before construction
Exit Strategy
Exited from presales with the remaining townhouses refinanced to banks
The Deal

The 17 x three bedroom townhouse construction in Katoomba have a value of $17.24MM. Balmain’s loan of $9.76MM was held at a maximum LVR of 57% before it was repaid by presales.

Patrick Pinney

Partner
Email
ppinney@balmain.com.au
Phone
02 9233 9592
Mobile
0447 207 174
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Balmain

Level 14,
60 Castlereagh Street,
Sydney NSW 2000

02 9232 8888

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