Our client went under contract to acquire a DA approved site to redevelop a service station. The asset had a 15 year commitment to lease with a major multi-national oil and gas company.
Balmain secured senior funding from a major bank and a mezzanine loan to assist with the asset’s acquisition and redevelopment.
Upon completion, Balmain secured a commercial investment facility to refinance the construction facility to another major bank under more favourable terms, including uplift in the valuation, also managed by Balmain.