Construction
Brisbane
OFFICE

Office space construction with no pre-commitments

Brisbane Inner-Metro, QLD

Loan Purpose
Facility Amount
$2.0MM
LVR
50%
Term
Security
LTC
Pre-sales
Exit Strategy
The Deal

The Developer wanted to commence construction on a new office space building without the requirement of having to obtain pre-committed tenants as this would delay the tight construction schedule. Even with the short build time of nine months and a low loan-to-value ratio (LVR) of 50%, no banks or second-tier lenders could fund without pre-commitments.

The Developer contacted Balmain who assisted with arranging a construction facility at very competitive rates, no line-fees, and an extended Term (with interest capitalised in the Loan amount) to allow the Developer additional time to lease the property post construction.

Paul Buckle

Partner
Phone
07 3023 8730
Mobile
0417 598 366
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