02 9232 8888
OFFICES
Loan Purpose
Facility Amount
$3.655MM
LVR
Term
Security
LTC
Pre-sales
Exit Strategy
The Deal
UNIQUE FEATURE OF THE DEAL
- The borrower approached Balmain after their existing bank was unable to approve funding for an 80-lot residential subdivision.
- Balmain negotiated a staged approval allowing the developer to start the project and sales resulting from the commencement of works triggering funding approval for subsequent stages.
- Funding was delivered at an interest rate of 6.90% compared to competing offers in excess of 10%.
Rhys Adams
Partner
