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OFFICES
Loan Purpose
Facility Amount
$5.45MM
LVR
65%
Term
12 months
Security
LTC
Pre-sales
Exit Strategy
The Deal
The client instructed Balmain to secure construction funding to assist with a 35 allotment subdivision program. Balmain strategically arranged a construction loan with a second-tier bank. 12 months interest was capitalised in the loan amount (no line fee), however the client completed the subdivision in three months and repaid the loan in six via sales.
Paul Buckle
Partner
