02 9232 8888
OFFICES
Loan Purpose
Provide funding to assist with the completion of 24 townhouses without presales
Facility Amount
$15.18MM
LVR
61%
Term
20 months
Security
Residential development
LTC
Pre-sales
Exit Strategy
The Deal
The client has approached Balmain seeking a funding partner to assist with the construction completion of 24 townhouses in Southport, QLD. Each unit comprises 4 bedrooms, 3.5 bathrooms, and a double car lock-up garage. Balmain facilitated a loan of $15.18MM at 61% LVR.
Rhys Adams
Partner
