Specialised Asset – Service Station

UNIQUE FEATURE OF THE DEAL

• Balmain Brisbane has recently been involved in the funding of several specialised assets across Queensland, including the acquisition and development of a service station.
• Our client went under contract to acquire a DA approved site to redevelop a dilapidated service station and also secured a 15-year Agreement For Lease with a major multi-national oil company.
• Balmain Commercial was able to secure construction funding from a Big Four Bank and an additional mezzanine loan to assist with the acquisition. Post construction,
• Balmain was successful in securing an investment facility to refinance the construction lender to another major bank under more favourable terms.
• Details of the initial senior and mezzanine funding are outlined below: