Restructure Group Debt

The Borrower approached Balmain looking to restructure their Group debt, which included releasing a title from bank security, and releasing funds for working capital.

The loan was provided through the ALT Trust, secured by two tenanted industrial properties in Victoria and Western Australia.

Before settlement occurred, an accidental fire broke out at one of the security properties causing significant damages in the $MM.

Balmain was able to settle with the ongoing approved insurance claim in place, taking security over the fire-damaged property.