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OFFICES
Loan Purpose
Refinance Bank and provide Working Capital
Facility Amount
~$20MM
LVR
<50%
Term
3 years
Security
Campus Style Office Industrial
LTC
Pre-sales
Exit Strategy
Refinance after a full Tender
The Deal
Balmain’s loan of approximately $20MM at <50% LVR was requested by Balmain’s client to refinance an existing loan and provide working capital over a property investment facility in Lane Cove, NSW.
Balmain completed a full Finance Tender among 11 shortlisted Lenders. While initial responses provided an Interest Rate Margin ranging between 2.10% and 2.25%, Balmain settled at 1.63%.
Gavin Drummond
Director
