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OFFICES
Loan Purpose
Facility Amount
$2.7MM
LVR
65% on current market valuation, or 81.5% of purchase price (ex GST)
Term
Security
LTC
Pre-sales
Exit Strategy
The Deal
The Borrower approached Balmain after Bank funding was withdrawn less than 2 weeks from the contracted settlement date.
Balmain was able to meet the settlement date, providing funding through one of the Balmain lending vehicles.
The Loan was secured by a vacant permitted site for 46 office warehouse units.
Jarrod Logan
Partner
