02 9232 8888
OFFICES
Loan Purpose
Refinance an existing loan and assist with an equity release to commence early works on the site.
Facility Amount
$5.95MM
LVR
65%
Term
6 months
Security
Residential block in a premier Sydney suburb.
LTC
Pre-sales
Exit Strategy
Refinance into a construction loan.
The Deal
This 794.2m2 Bellevue Road Investment Property has DA approval for a five (5) story residential complex consisting of four (4) residential apartments with three (3) bedrooms, two (2) bathrooms, and two (2) car spaces each.
The site is currently valued at $9.1MM with Balmain facilitating a loan of $5.95MM at 65% LVR.
Jonas Tam
Partner
