Construction
Brisbane
OFFICE

Specialised Asset Construction

Brisbane Metro

Loan Purpose
Facility Amount
Senior $3.0MM / Mezz $500K
LVR
65% / 75%
Term
12 months
Security
Service Station
LTC
Pre-sales
Exit Strategy
The Deal

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.

Paul Buckle

Partner
Phone
07 3023 8730
Mobile
0417 598 366
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