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Loan Purpose
Facility Amount
$2.3465MM
LVR
65%
Term
Security
LTC
Pre-sales
Exit Strategy
The Deal
The Borrower raised short term capital to acquire and finish a partially complete medical centre in Spring Hill.
Upon completion, Balmain provided funding to refinance the bridging loan and provide time for an orderly sell down of the medical suites to enable the Developer to maximise their profit.
Funding was provided through the Balmain Mortgage Fund.
Rhys Adams
Partner
